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Texts: a. In cell C18, enter a formula using the CUMPRINC function to calculate the cumulative principal paid for Year 1 (payment 1 in cell C15 through payment 12 in cell C16). Use 0 as the type argument in your formula because payments are made at the end of the period.b. Use absolute references for the rate, nper, and pv arguments, which are listed in the range D5:D11.c. Use relative references for the start and end arguments.d. Fill the range D18:G18 with the formula in cell C18 to calculate
Texts: a. In cell C18, enter a formula using the CUMPRINC function to c…
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