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After graduation you decide to buy your first car.You decide you want to get a Kia becauseit has a 10 year/100,000 mile warranty. You buy
- After graduation you decide to buy your first car.You decide you want to get a Kia becauseit has a 10 year/100,000 mile warranty. You buy a 2019 Kia Sorrento EX for $35,000 and finance thevehicle through Indiana University Credit Union (IUCU). Today's new car loans are 4.29%.
- a.(2 points) If you finance this car for 66 months, what is your monthly payment?
- b.(3 points) How to create amortization table showing monthly payment, monthly interest and monthlyprinciple paid.After the first year (12 months), how much interest have you paid?
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