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Hint – Page 145 – Case Study Part 1 – Paradigm Text

Case Study Part 1 asks to “In column G, insert a formula using the PMT function (enter the Pv as a negative).”

TIP 1: Don’t forget to enter the Pv as a negative.
Why a negative? Because that is the amount to BORROW.

TIP 2: When entering the interest rate (E7), make sure and divide it by 12. (E7/12).
Why? Because that is the interest that will be paid on the loan over the year or 12 months so.. /12.

PRINT: Scale this assignment to fit one page.
Make sure the appropriate footer is right aligned with (your name, period, page #, and problem #)

Apr 5, 2013admin
Hint - Page 143 - Assessment 2 - Paradigm TextHint - Page 146 - Case Study Part 2 - Paradigm Text
Home Excel Hint – Page 145 – Case Study Part 1 – Paradigm Text
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