I will explain it on the assignment sheet. The end result is that you will still get to the Paste Function dialog box which for me is absolutely necessary when I am working with long formulas. That dialog box can be moved out of the way by left clicking and dragging. Calculating a Loan Payment with PMT Take your time and read the Paste Function boxes as you are completing. Great functions to use for yourself in comparing payments and interest.
Functions exist to answer that question.
Some of you may understand the formula for calculating a loan payment. Some may not know that repayment depends on the loan amount, time for repayment, and the interest rate. Using the Paste Function dialog box makes creating a function easy, without the user s knowing the actual mathematical computations. When learning about functions or using a function for the first time, it is best to use the Paste Function option. The first screen explains the function and its usage.