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  • 16-04-2024
  • Business
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Use the pmt function in excel to compute the monthly payment on a home each month if you borrowed $400,000 at an annual interest rate of 5.39% over 30 years, where the interest is compounded monthly. hint: the pmt (payment) function is entered in excel as =pmt(rate, nper, pv, fv, type).

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