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Calculate the following using the appropriate functions in Excel. Samir bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through

Calculate the following using the appropriate functions in Excel.

Samir bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the dealer at an APR of 4.9% for 4 years. What is the effective annual interest rate (EAR) if the loan payments are made monthly (try using the EAR formula 1^st, then use EFFECT)? What is his monthly payment? How much total interest will he pay on the loan if he does not pay off the loan early?

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