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and Elise buy five-year-old used Toyota from a dealership for $15499. They put down 5% down and finance the rest with the dealership at 7.9%

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and Elise buy five-year-old used Toyota from a dealership for $15499. They put down 5% down and finance the rest with the dealership at 7.9% add on interest. They agree to 60 monthly payments. 3 a. Find the size of each payment 77445=14724.05 >>FV=PLI+/+) manhis = 5yrs 1472/05 (1+2 b. Prepare an amortization schedule for the first three months of the loan. Balance Total payment Interest portion Month number Principal portion 1 2 3

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