Explain the function will refer to the annual interest rate

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How should this function be typed up? The function will refer to the annual interest rate (B23) divided by (B24) a loan term (F5) multiplied by (B24), and the balance due (I5). Refer to (B23) and (B24) as mixed cell reference. Refer to (I5) as a negative value (-I5) so that your results return a positive number.

Reference no: EM1362390

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