Question
4.After graduation you decide to buy your first car.You decide you want to get a Kia because it has a 10 year/100,000 mile warranty. You
4.After graduation you decide to buy your first car.You decide you want to get a Kia because it has a 10 year/100,000 mile warranty. You buy a 2019 Kia Sorrento EX for $35,000 and finance the vehicle through Indiana University Credit Union (IUCU). Today's new car loans are 4.29% APR.
a. If you finance this car for 66 months, what is your monthly payment?
b.How do you create an amortization table showing monthly payment, monthly interest and monthly principle paid.After the first year (12 months), how much interest have you paid?
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
