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EXCEL: You are planning to go on a trip to Paris with your friends for...

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Accounting

EXCEL:

You are planning to go on a trip to Paris with your friends for 20 days. The plan requires from you to get a loan from an loaning corporation. You are requested in this exercise to find the periodic installement that you owe the corporation: This trip costs $23500 covering the entire period. Use the PMT funtion to calculate the monthly payment to the corporation over a period of 1 year with a yearly interest of 2.37%. Present a well formatted table showing the different values and their descriptive meaning.

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