回複：go ahead & post

thanx in advance,
the owner can make a renovation in the first quarter of the year, which is cost $11,000. At the beginning of the year the owner takes a loan for a year period with interest rate 5%

it requests to create an amortization table for monthly loan payments assuming constant payments and interest rate.

Im a little puzzled, since it has already assumed the rate to 5%, why it still asks to assume the constant payment and interest rate?
I know the Formula should be PMT(5%/12, 12,11000, 1),
is that rit?

--文學城www.wenxuecity.com--

所有跟帖： 

• 回複：回複：go ahead & post -talia- ♀ (946 bytes) () 09/27/2003 postreply 11:09:00

• =PMT(0.05/12,12,11000,0,0) -talia- ♀ (131 bytes) () 09/27/2003 postreply 11:14:00