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60 POINT AMORTIZATION SCHEDULING PROBLEM: Calculate the loan payment amount in the space below and prepare an amortization schedule (in the grid provided on the

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60 POINT AMORTIZATION SCHEDULING PROBLEM: Calculate the loan payment amount in the space below and prepare an amortization schedule (in the grid provided on the next page based upon the following loan information: You are buying a car for $40,000. You put $2,000 of your own money down in cash and borrow the remainder of the purchase price in a loan with the following terms: 12% Annual Percentage Rate 2-year loan Quarterly payments Loan payment (PMT) calculation

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