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Determines tuition paid

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Create another calculated field named Tuition Payments that determines tuition paid in three installments. Using the Pmt function, replace the rate argument with 0.025/3, the num periods argument with 3, and the present value argument with the Tuition Due. Use 0 for the future value and type arguments. Ensure the payment appears as a positive number. Format the field as Currency.

Reference no: EM13761438

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