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This task consists of buying a car. The steps are: 1) Identify the car you will buy: Toyota 2015 Corolla (NEW) 2) Identify the annual

This task consists of buying a car. The steps are:

1) Identify the car you will buy: Toyota 2015 Corolla (NEW)

2) Identify the annual interest rate

3) Determine the amount for which you will take the 5-year loan and in which you will make the monthly payment

4) Work the amortization table of your loan in excel

5) Calculate the total interest payment made

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Understanding Financial Accounting

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