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An individual obtains a car loan that pays $30,000. The loan will be paid off in 3 years, and payments are made monthly. The interest
An individual obtains a car loan that pays $30,000. The loan will be paid off in 3 years, and payments are made monthly. The interest rate on the loan is 7%, and the compounding is monthly. Find the number of monthly payments to pay the loan off. Provide a complete amortization schedule of the loan (this will entail a long table containing 37 rows). Present your work in detail and explain. Your paper should be 2 page minimum double spaced and APA formatted.
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