How do I find the monthly payment for this question: On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan. Ensure that the function returns a positive value and set the references to cells B5 and B6 as absolute references. Interest rate is 4.5% Number of payments is 12 cost of altamonte facilities is $16,450.95

on an excel spreadsheet you have the following values:

since I don't know which values correspond to B5 and B6, I will guess that they are n and interest rate.

=PMT(4.5%,12,-16450.95)   or   =PMT($B$5,$B$6,-16450.95)

= $1,804.11

*The $ sets the cell as absolute reference. If you input 16450.95, the value will be negative.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

d. automatic stabilizers.

explanation: