Simple Interest Amortized Loan Formula: P (1 +5* = pyrn: (1 + 9" (1) Susan Chin buys a car for $12,000. She puts 25% down and obtains a simple interest amortized loan for the rest of the amount at 7% for 4 years (a) l'ind her monthly peymcnt. (b) Find the total interest (c) Estimate loan fees if the lender states that APR of the loan is 7.2 %. (d) Fill out first threx rows in the Amortization Schedule for the lan. wym # principle portion interesit portion total paymt bilance 9000 1 2 3