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Amortization schedule with periodic payments.Moulton Motors is advertising the following deal on a new Honda Civic: Monthly payments of $400.40 for the next 60 months

Amortization schedule with periodic payments.Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of $400.40 for the next 60 months and this beauty can be yours!" The sticker price of the car is $18,000. If you bought the car, what interest rate would you be paying in both APR and EAR terms? What is the amortization schedule of the first six payments?

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