Use the appropriate function(s) in Excel to answer the following questions.
How much would your monthly payment be on a 3-year loan if the following assumptions were true?
(Round to the nearest cent, do not include a negative sign)
Note: while this money is "leaving your wallet" the negative sign should not be included in the numeric answer because it is already implied by the word "payment"
What is the total amount that you would pay to the bank over this 3-year period?
Hint: Be sure to use your rounded answer from the previous step in the calculation of this answer.
How much total interest would you have paid to the bank?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here