Question: 60 POINT AMORTIZATION SCHEDULING PROBLEM: Calculate the loan payment amount in the space below and prepare an amortization schedule (in the grid provided on the

the space below and prepare an amortization schedule (in the grid provided

60 POINT AMORTIZATION SCHEDULING PROBLEM: Calculate the loan payment amount in the space below and prepare an amortization schedule (in the grid provided on the next page based upon the following loan information: You are buying a car for $40,000. You put $2,000 of your own money down in cash and borrow the remainder of the purchase price in a loan with the following terms: 12% Annual Percentage Rate 2-year loan Quarterly payments Loan payment (PMT) calculation

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