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A woman decides to purchase a $ 2 3 , 8 0 0 car and makes a down payment of $ 3 , 5 0
A woman decides to purchase a $ car and makes a down payment of $ She arranges to borrow the remainder from a bank that will charge her interest. She will make monthly payments for years. Solve each part algebraically.
a Find her monthly payment amount.
b Create an amortization schedule using Microsoft Excel. You must enter the formulas and not use a premade template. Instructions are on the next page. Print the amortization schedule and include it to with your lab submission.
c Determine the total amount she would pay for the car and the total amount of interest paid.
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