QUESTION 1 Payments are negative! Make sure you use the \"-\"sign.The minus sign

Question

QUESTION 1

Payments are negative! Make sure you use the "-"sign.The minus sign. In Excel payments are negative numbers. Think of he money flowing away from you. Do not use the "$" sign. Just numbers no symbols. For example -6,234.16 is the way to answer.

Please find the payments a borrower owes based on the following data:

rate

5%

nper

30

PV

$200,000

FV

0

Type

0

Use the PMT function. You must round to two decimal places.

QUESTION 2

Payments are negative! Make sure you use the "-"sign.The minus sign. In Excel payments are negative numbers. Think of he money flowing away from you. Do not use the "$" sign. Just numbers no symbols. For example -6,234.16 is the way to answer.

Please find the payments a borrower owes based on the following data:

Use the PMT function. You must round to two decimal places.

rate

10%

nper

30

PV

$200,000

FV

0

Type

0

rate

5%

nper

30

PV

$200,000

FV

0

Type

0

Explanation / Answer

1.

2.

rate 5% nper 30 PV ###### FV 0 Type 0 PMT $ -13,010.29

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