In cell H6 create a formula using the PMT function to calculate the monthly loan payment

2016-12-05T22:32:21-05:00How do I find the monthly payment for this question:On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment for the Altamo

In cell H6 create a formula using the PMT function to calculate the monthly loan payment

2016-12-05T22:32:21-05:00

How do I find the monthly payment for this question:

On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan. Ensure that the function returns a positive value and set the references to cells B5 and B6 as absolute references.

Interest rate is 4.5%
Number of payments is 12
cost of altamonte facilities is $16,450.951

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