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PLEASE help asap i need the answers On April 1, 2021 Joe buys a new Cadillac for a total price of $50,000. The dealership is
PLEASE help asap i need the answers
On April 1, 2021 Joe buys a new Cadillac for a total price of $50,000. The dealership is offering a no-money-down deal, with 2.9% annual interest, and payment in full over 59 monthly payments, with the first payment starting on April 30, 2021. 1) Calculate Joe's monthly payment (rounding to the nearest penny), and provide it in the area below. 2) Calculate Joe's total interest amount paid over the life of the loan, and provide it in the area below. 3) Also, provide the full amortization schedule via excel through email (or by copy-pasting it into the area below). On April 1, 2021 Joe buys a new Cadillac for a total price of $50,000. The dealership is offering a no-money-down deal, with 2.9% annual interest, and payment in full over 59 monthly payments, with the first payment starting on April 30, 2021. 1) Calculate Joe's monthly payment (rounding to the nearest penny), and provide it in the area below. 2) Calculate Joe's total interest amount paid over the life of the loan, and provide it in the area below. 3) Also, provide the full amortization schedule via excel through email (or by copy-pasting it into the area below) Step by Step Solution
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