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class activity 3 - financing a car Using the amount financed in problem 2, calculate Term length of the loan (in months) APR (%) 3.71

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Using the amount financed in problem 2, calculate Term length of the loan (in months) APR (%) 3.71 3.93 PMT Total Amount Paid Total Interest Paid Problem 3: Chose one loan plan for your car and create aromatization schedule for this plan ONLY. Your schedule should follow the format shown on the table below: Be sure to include information for the entire payment period. You can copy and paste the table or print it and attach it to this worksheet. Payment # PMT Interest Unpaid Balance Unpaid Balance Reduction

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