Mathematics, 24.03.2021 15:50 eduardoma2902
Help which one is it! Which of the following is the correct Excel formula that calculates the monthly payment needed to pay off a loan of $9000 with a fixed APR of 1.09% that lasts for 16 years?
Group of answer choices
= A. PMT(1.09,16*12,-9000)
=B. PMT(.109/12,16*12,-9000)
=C. PMT(.0109/12,12*16,-9000)
=D. PMT(0.0109/12,-192,9000)
=E. PMT(1.09*12,16/12,-9000)
Answers: 3
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Help which one is it! Which of the following is the correct Excel formula that calculates the monthl...
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