PMT Function
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Payment Calculation: Calculate Loan Payment using PMT Function. All cells must contain formulas (i.e., typing the number directly into the cells will be graded as incorrect answers).1.1 Susan purchases a Mazda 6 for 22,000. To pay for the car, she will make monthly payments over 4 years, annual interest rate = 5.25%. What are the monthly payments? Put the formula for the calculation in the cell A6.\n1.2 What is the total amount (interest and principal) that Susan will have to pay for the car?\n1
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