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  • To calculate the monthly payment on a loan of $25,000with an interest rate of 14.5 percent, payable over 48 months, and payments due the last dayof the payment period (which in our case is a month), you???d call the Pmt() function asfollows:Pmt(0.145 / 12, 48, -25000, 0, DueDate.EndOfPeriod)The Pmt() function will return the value 689.448821287218.
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