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Use the Amortization Schedule worksheet in the Present Value Excel Template to complete an amortization schedule for the car loan in the previous problem (price-$31,250;
Use the Amortization Schedule worksheet in the Present Value Excel Template to complete an amortization schedule for the car loan in the previous problem (price-$31,250; 20% down; 3% APR for 5 years on the remainder) for the first six months only (6 payments). Enter the remaining balance on the loan after six months as a positive number with two decimal places (ie., to the penny) but without the dollar sign here
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