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Homework 1. Find a car for sale online with price posted and print it or email the link to 2. Assume you borrow the entire
Homework 1. Find a car for sale online with price posted and print it or email the link to 2. Assume you borrow the entire purchase price on 3-1-2023. Identify the appropriate loan kjbrock@ksu.edu. at the following website. https://www.capfed.com/loans/consumer-loans/vehicle-loan Choose loan terms. Select the rate from the 'Annual Percentage Rate (APR)'column. What is the maximum term of your loan? 120 months What is the APR of your loan? 7,780 % 3. Compute the payment amount for your installment loan. You will need to compute the (table A.3) factor or use the app. SHOW YOUR. WORK/INPUTS Remember t represents number of payments \& r= APR/12. 4. Create a payment table for your loan. The outline is below. Label the columns. Complete the first three payment rows. 5. Staple item \#1 to this page (or email link to kjbrock@ksu.edu)
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