The Excel PMT function is used to calculate the payment for a loan based on constant payments and a constant interest rate.
Click here for more information on how to use the PMT function.
To complete this assignment, perform the following tasks:
Data has been provided for you to generate a payment for each of the two products to help determine which product is feasible for you to purchase for school purposes. Click here to access the data.
The loan parameters have been entered into the worksheet. Click in cells B8 and E8 to calculate the amount to finance as Price - down payment - rebate.
Save the workbook as "FirstInitial_LastName_Purchase_solution.xlsx"
Hint: Click Insert function and select PMT for payment.
Merge and center the titles in Cells A1:E1. Format your worksheet by including color as well as providing an appropriate clip art to accent the document.
Indent the content in cells A9:A14 and show the Payment amount in font size 14.
Indent the content in cells D9:D14 and show the Payment amount in font size 14.