You want to calculate the maximum loan that can be paid off with an interest rate of 2.5% over12 payments of $1000.00 each. Use Goal Seek and the PMT formula to solve for the maximum loan, x, to two clecimal places:=PMTl0.025,12,-x,0lWhen answering this question, your answer must be in the following format: $xx,xxx.xx
Maximum loan
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