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2 . You want to purchase a 2 0 2 2 Porsche Cayenne Coup that costs $ 7 7 , 4 0 0 . 2

2. You want to purchase a 2022 Porsche Cayenne Coup that costs $77,400.
2A.Calculate your monthly payment assuming that you finance the full amount ($77,400) for 6 years at an annual interest rate of 5.5%.
2B. Construct a full amortization schedule in excel.
2C. How much total interest will you pay over the lifetime of this loan?
2D. If you decide to add an additional $200 a month to your monthly payment, how much
will you save in interest over the course of the loan?
2E. If you can only afford a $650 a month car payment, what is the max you can afford to finance given the same loan terms (6 years, at 5.5%)?

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