SPSS Data analysis: PMT function
Use the financial information below to construct appropriate tables, charts and graphs to display and discuss the following:
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- Using the PMT function calculate the monthly repayment figures based on the figures below. You must make use of relative and absolute references where appropriate. Show the formula
- You must also show the total repayments based on the interest rates and the length of the loan. Show the formula
- Summarise your data making effective use of tables, graphs and charts to evaluate the financial implications of the selection of a loan based on interest rate and length.