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a little class often get questions about using Excel to calculate formulas so I went ahead and picked out one of your homework questions to go through this is question one point two point three seven its currently question six and homework one but they do change some times so if you look at the through the one point two point three seven youll be able to match it up for sure so lets go ahead and look at what were dealing with here youll find that this is similar to maybe a discussion question as well so we have a payment formula that were provided and were given the situation where were talking about student loans this may apply to a lot of you where you have $7,500 I had a fixed APR of 15% for 20 years and youre asked to calculate the monthly payments so the first thing you want to do is go ahead and go through and label your variables so we know what were working with so lets start there okay so we have all of our variables listed and I have what they represent now lets ac