CIS Excel

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EX11-4.xlsx
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Loan

L & R Communications
Loan Amount $600,000.00
Annual Interest Rate 7.60%
Term in Months 60
Monthly Payment: $12,051.30
Total Payments: $723,078.08
Total Interest: $123,078.08
Goal Seek Solutions
Interest Rate
Total Payment of $700,000
Monthly Payment of $11,000