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Calculate monthly payments and create the schedule

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Question - Using PMT function in excel, create a loan amortization schedule for the following scenarios:

1. Annual interest rate 6.99%

Amount borrowed $55,000

Duration of loan 4 years.

Calculate monthly payments and create the schedule using name range

2. Annual interest rate 4.99%

Amount borrowed $34,000

Duration of loan 2 years.

Calculate monthly payments and create the schedule usingfreezing cells.

Reference no: EM133175129

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