Question
1. You want to buy a new car. You can only afford $573/month. (Dont forget to use autofill features) a. Prepare a loan amortization table
1. You want to buy a new car. You can only afford $573/month. (Dont forget to use autofill features)
a. Prepare a loan amortization table for a 5 year loan. =PV(.05/12, periods, payment, FV,0)
b. If you were able to get a 3% loan, how much more could you spend on a car. (Use spinners)
c. Your parents gave you a present of $100/month if you applied it directly to your loan. How much sooner can you pay off your loan. (Create a new column Addl principle)
I need answer to part B and C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Conservation Easement IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304133923, 978-1304133922
