Amortization of a Loan EXAMPLE EXERCISES For the following exercises, create an amortization table for a $21,500 car loan with 4,5% APR over 72 months 1. What is the monthly payment? 2. How much is actually paid over the life of the loan? How much interest? 3. How much is saved if you round up to the next $50 increment? Next $1007 For the following exercises, create an amortization table for $135,000 home purchase at 4.6% fixed APR. Remember mortgages are generally paid monthly 4. 30 years S. 15 years 6. How do the 15-year and 30-year loans compare in total amount paid and interest paid? 7. How much is saved if you round each payment up to the nearest $100? Understanding Fred and Variable Costs EXAMLPE EXERCISES In each situation determine what are the fixed costs and varisble costs. Give your manning for each determination Marty wants to take care of meeting at the bills for a.car.in caring for the ownership, payment Insurance and maintenance must be considered also Marty wants to make sure the car gets washed twice amor 2. A group of entrepreneurs is looking to setup a small manufacturing facility to create their product. They will have to rent space and buy machines materials and packaging for shipping They have also determined that a web presence and telephone line will be necessary for their business. 1. Jack and Sally are looking to buy a house in Halloweentown, They have 20% to use as a down payment for housing in their desired range, and the bank is requiring them to escrow pey monthly toward their home owner's Insurance and property taxes. They are big TV watchers and don't do much streaming. The stove dryer, and heating unit are natural gas