Answered: 1) Key in data in Excel using formula…

1) Key in data in Excel using formula according to the 2) Calculate periodic payment for interest rate above. 3) The amount of RM must be in 2 decimal points.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

EXERCISE 3.3
Loan Payments
Principal:
RM
500,000
Interest Rate:
2.75%
Term (in years) :
30
2.75%
3.00%
3.25%
3.50%
RM
500,000.00
RM
501,000.00
RM
502,000.00
RM
503,000.00
RM
504,000.00
RM
505,000.00
RM
506,000.00
RM
507,000.00
Figure 3-3
Using data as shown in Figure 3-3 you need to :
1) Key in data in Excel using formula according to the format above.
2) Calculate periodic payment for interest rate above.
3) The amount of RM must be in 2 decimal points.
4) Insert (name, matric number, section) on top (left side) of every worksheet.
5) Please rename and save your work as (matricnumber_LabSheet3_3).

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B. State whether the following T accounts have normal balance or not. (Please refer to the picture.)
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