Suppose you are interested in purchasing a new car, with undetermined options. You are invited

to use the internet to investigate the list price for a particular model and the cost of standard

available options. You need to determine the amount of loan you want to borrow first. Then you

create two different loan schedules with different interest rates for the same car, show your

detailed work to calculate the monthly payments, construct a six-month amortization schedule,

compute the total interest paid over the course of each loan, and then tell which option you want

to choose