need help with formulas used to calculate interest paid, principal paid and ending bal ...
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need help with formulas used to calculate interest paid, principal paid and ending bal
Excel File Edit View Tools Data Window Help Insert Format Duc AutoSave OFF Chapter 5 - Am View Tell me ome Insert Draw Page Layout Formulas Data Review Arial v 12 ' ' = = v 2 Wrap Text Paste BIU Cv Av Merge & Center 3 fx =PMT(6.5%,5,-65000,0,0) A B Beginning Balance Year Total Payment Payment D Interest Pald Principal Paid Ending Balance 1 5 65,000.00 $15.641.24 $ 65,000.00 2 3 4 5 Totals LOAN (PV) $65,000 Term (YRS) 5 6.50% PMT GET ANSWER TO EXACT PENNY =Round-PMT(C12,C11,C10).2) Amor Car Loan + Ready
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