Question: Calculations : You will compare 2 amortization schedules when buying a car. The purchase price is $17,500. Bank A requires a 20% down payment (2

Calculations: You will compare 2 amortization schedules when buying a car. The purchase price is $17,500. Bank A requires a 20% down payment (2 pts) and has an annual interest rate of 3.6%. Bank B wants only 10% down payment (2 pts) but the annual interest rate is 4.8%. For both banks the loan will be paid off in 3 years.

This needs to be in excel format

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