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the first person to get this right I will give brainlliest Suppose that you find the annual interest rate for a car loan is 12.6%. Since you want to know how much your monthly payments will be, you need to divide 12.6% by 12. You place 12.6% in cell B3. What would this formula look like?

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Respuesta :

tonb

Answer:

=B2*B3/1200

Explanation:

Assuming the loan amount is in cell B2,

The annual interest would be B2*B3/100.

Dividing that by 12 to get the month amount, you get =B2*B3/1200

i.e., the 1200 takes care of the percent (divide by 100) and the 12 months (divide by 12) all in one go.

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