Repayment of a loan requires the periodic payment of interest and principal. You are interested in the amount of principal you pay in the 60th period of a loan. We can use the PPMT(rate, per, nper, pv, [fv], [type]) function for this purpose. Assume the f

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Repayment of a loan requires the periodic payment of interest and principal. You are interested in the amount of principal you pay in the 60th period of a loan. We can use the PPMT(rate, per, nper, pv, [fv], [type]) function for this purpose. Assume the following parameters for the loan and PPMT function:

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