math/ excel exercise?
Exercise 2: Calculate the monthly installement of a house. (7 pts.)
Insert a new worksheet based on the figure below. Name the sheet EX2.
A house with an area of 190 m2 costs $142700 in lebanon. Use the PMT funtion to find the monthly installment (payment) for the house over a period of 25 years. Note the yearly interest is 5.8%. (Present a well formatted table showing the different value and their meanings).
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Download the Exel Loan Amortization spreadsheet.
Cell D16 contains the PMT formula.
It's nicely formatted, but you should create your own from scratch.
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