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Complete the loan amortization schedule for a car loan that will be repaid over 60 months and answer the following questions (The details about the

Complete the loan amortization schedule for a car loan that will be repaid over 60 months and answer the following questions (The details about the loan are shown below):

1. What is your monthly payment?
2. What is the total $ amount of payments made over the life of the loan
Loan Input Data Amount
Principal Amount $47,000.00
Annual Interest Rate 4.20%
Periods Per Year 12
Total Number of Payments 60
Percentage Rate Per Period 0.35000%

Payment No. Beginning Balance Payment Amount Interest Paid Principle Paid Ending Balance

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