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Wade Ellis buys a new car for $16,357.41. He puts 10% down and obtains a simple interest amortized loan for the rest at 11% interest

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Wade Ellis buys a new car for $16,357.41. He puts 10% down and obtains a simple interest amortized loan for the rest at 11% interest for four years. (Round your answers to the nearest cent.) (a) Find his monthly payment. $ 42.69 X (b) Find the total interest. $ 34.08 X (c) Prepare an amortization schedule for the first two months of the loan. Total Payment Number Principal Portion Interest Portion Balance Payment 0 1 2 $ 42.69 $ X $ $ $ $ $ $ $

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