Compute monthly payment for car

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Reference no: EM1369528

In the excel spreadsheet model calculates the monthly payment for a car purchase. Build that model in columns W, X and Y of your worksheet. Note: you will need to use the payment function, PMT. Calculate the monthly payment for $ 22,000 car with a $3,500 down payment and a $500 trade-in if the term of the loan is 5 years and the annual interest rate is 5%. Do in Microsoft excel.

Reference no: EM1369528

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