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Amortization schedule with periodic payments - Moulton Motors is advertising the following deal on a honda civic: Monthly payments of $347.88 for the next 60

Amortization schedule with periodic payments - Moulton Motors is advertising the following deal on a honda civic: "Monthly payments of $347.88 for the next 60 months and this beauty can be yours!" The sticker price of the car is $16,000. If you bought the car, what interest rate would you be paying in both EAR and APR terms? What is the amortization schedule of the first six payments?

- If you bought the car, what monthly interest rate would you be paying?

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