Solve Problem using Excel.
PMT(0.09/12, 4*12, 15000,0) =
PMT(0.06/12, 4*12, 15000,0) =
PMT(0.07/12, 4*12, 15000,0) =
PMT(0.08/12, 4*12, 15000,0) =
PMT(0.09/12, 4*12, 15000,0) = -$373.28
PMT(0.06/12, 4*12, 15000,0) = -$352.28
PMT(0.07/12, 4*12, 15000,0) = -$359.19
PMT(0.08/12, 4*12, 15000,0) = -$366.19
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