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A woman decides to purchase a $ 23,800 car, and makes a down payment of $3,500.She arranges to borrow the remainder from a bank that
A woman decides to purchase a $ 23,800 car, and makes a down payment of $3,500.She arranges to borrow the remainder from a bank that will charge her 4.5% interest.She will make monthly payments for 4 years.
a. Find her monthly payment amount.
b. show amortization schedule using Microsoft Excel. Print the amortization schedule and staple it to the back of this Lab.
c. Determine the total amount she would pay for the car and the total amount of interest paid.
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