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You would like to purchase a car that costs $32,000. You have decided to finance the car with a four-year car loan. If the APR

You would like to purchase a car that costs $32,000. You have decided to finance the car with a four-year car loan. If the APR (annual percentage rate) is 5 percent, compute your monthly payment.

Construct a loan amortization table in Excel for the car loan. You should do the problem in Excel using monthly payments and should submit the spreadsheet.

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