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Question 2 You want to buy a car by taking out a 3 year loan for $15,000 with a 7% interest rate. A - Create

Question 2\ You want to buy a car by taking out a 3 year loan for

$15,000

with a

7%

interest rate.\ A - Create an amortization table of the loan that shows the portion of interest and principal on each payment.\ \\\\table[[\\\\table[[Beginning],[Balance]],Payment,Interest,Principal,Ending Balance],[

$,15,000.00

,

($463.16)$

,87.50,

($550.66)

,

$,15,550.66
image text in transcribed
You want to buy a car by taking out a 3 year loan for $15,000 with a 7% interest rate. A - Create an amortization table of the loan that shows the portion of interest and principal on each payment. 15000 loan amount 0.07 interest 3 number of years

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