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Amortization 32. You are considering to buy a car. The value of the car is $21,000 and a 6-year auto loan rate based on your
Amortization 32. You are considering to buy a car. The value of the car is $21,000 and a 6-year auto loan rate based on your FICO score is 5.0%. If you decided to buy the car with a zero money down, what would be your monthly payment for your auto loan? a. $338 33. From Question 32, what is the interest amount, repayment of principal, and remaining balance in a month 1 respectively? a. $87.5, $251, and $20,749
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