Complete the loan amortization schedule for a car loan that will be repaid over 60 months answers the following questions.

1. What is your monthly payment?
2. What is the total $ amount of payments made over the life of the loan?

Loan Input Data

Principal Amount $17,000.00

Amount Interest Rate: 7.80%

Periods Per Year 12

Total Number of Payments 60

Mortgage Amortization

Complete the loan amortization schedule for a Mortgage that will be repaid over 360 months and answer the following questions (The details about the loan are shown

1. What is your monthly payment
2. What is the total $ amount of payments made over the life of the load
3. How many months will it take to pay off the loan if you pay an extra $234.24 per month?

NOTE: enter the month when the whole principal is paid off. Also, remember to show the amortization table for the original payment.

Loan Input Data

Principal Amount $410000.00

Annual Interest Rate 7.30%

Periods Per Year 12

Total Number of Payments 360

Percentage Rate per period  --

Extra Payment per month $234.24

Answer rating: 100% (QA)

Sure I can help you calculate the loan amortization schedules for both the car loan and the mortgage loan Lets start with the car loan Car Loan Amorti... View the full answer