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You finance a brand new Mazerati by agreeing to make monthly payments over a 5-yr period. The purchase price is $150,000 and the annual rate
You finance a brand new Mazerati by agreeing to make monthly payments over a 5-yr period. The purchase price is $150,000 and the annual rate is 2.4% compounded monthly. The monthly payment is given below for your convenience. Complete the amortization table for the first periods (no work needed): PM T = $2655.50 For the car above, how much total interest will you pay over the 5 years. Round to the nearest dollar amount
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