Question

Calculate the amount the payment and create an amortization schedule for the following loan terms: Car...

Calculate the amount the payment and create an amortization schedule for the following loan terms:

Car Purchase Price $30,000

Putting 10% down of your own money

The remaining purchase price will be paid by taking out a car loan.

The bank will loan you the money on the following terms:

Annual Interest Rate: 8%

3 year loan

Quarterly payments

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