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Car Loan started March 2012 Original Car Loan Amount$145,000.00 Nominal Interest Rate10.50%(compounded monthly) Term of Loan10years No prepayments were made. What is the monthly payment

Car Loan started March 2012

Original Car Loan Amount$145,000.00

Nominal Interest Rate10.50%(compounded monthly)

Term of Loan10years

No prepayments were made.

What is the monthly payment Jacob and Martha presently pay on the car loan? Prepare an amortization table for the car loan in the space indicated below all the questions

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