Susie takes out a car loan for $9480 for a term of 3 years at 6% interest
Question:
(a) Find her monthly payment.
(b) Find the total amount she pays for the car.
(c) Find the total amount of interest she pays.
(d) Find the amount she still owes after 1 year.
(e) Find the amount she still owes after 2 years.
(f) Find the total interest she pays in year 2.
(g) Prepare the amortization schedule for the first 4 months?
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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