AutoSave a SC_EX19_4a_AisetouMagassouba_1 OFF Home Insert Draw Page Layout Formulas Data Review View O Tell me Share O Comments 2010 fx I Define Name v Trace Precedents ... Use in Formula v Trace...

1. Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows:

a) For the nper argument, use the
Term_in_Months
(cell D5) to specify the number of periods.

b)For the pv argument, use the
Loan_Amount
(cell B8) to include the present value.

c)Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.

Extracted text: AutoSave a SC_EX19_4a_AisetouMagassouba_1 OFF Home Insert Draw Page Layout Formulas Data Review View O Tell me Share O Comments 2010 fx I Define Name v Trace Precedents ... Use in Formula v Trace Dependents AutoSum Recently Financial Logical Used Lookup & Math & Reference Watch Date & Time Insert Тext More Name Show Error Calculation Function Trig Functions Manager Create from Selection Remove Arrows v Formulas Checking Window Options Total_Int.. fx 1941 A D E F G H J K M N 1 New Office Building 2 Loan Calculator 3 Loan Payment Calculator Scenarios Renovation 20 Years 8 Years $ 1,020,000 4 Date 5 Property 6 Price 7 Down Payment 8 Loan Amount 9/15/21 Rate 4.45% Loan Amount 2$ (920,000) Charles Street Term in Months 180 Annual Interest Rate 4.45% 4.25% 4.45% 2$ 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost $7,014.45 Month ly Interest Rate Loan Period in Years 0.37% 0.35% 0.37% 15 20 8 2$ Loan Period in Months 180 240 96 9 Start Date 1/3/22 1/3/22 1/3/22 2 PM 2$ Monthly Payment Future Value 10 Varying Interest Rates and Terms (6,000) $ (8,000) 11 Rate Number of Months n/a n/a 12 120 180 240 3.95% 14 4.05% 15 4.15% 16 4.25% it 17 4.35% 1 PM 18 4.45% 19 4.55% 20 4.65% 21 4.75% 22 4.85% 23 4.95% 24 5.05% t 25 5.15% Б РМ 26 27 28 29 30 31 ot 32 33 34 Documentation Loan Calculator Properties Equipment Loan %3D Ready + 100% Special_Programs_ Transfer...est copy 28 words English (United States) Focus + 180% 2022-02...3 PM CB 2022-02...2.39 PM 2022-02...7.00 PM 111 11