Question: Create a spread sheet for the Amortization schedule given the cases below then conclude by making an economical decision from the Amortization schedule, explain why?
Create a spread sheet for the Amortization schedule given the cases below then conclude by making an economical decision from the Amortization schedule, explain why? Case 1: A new car cost $49,750 2.9% compounding monthly, financing until paid off with 72 equal payments. Case 2: A new car cost $57,250 3.5% compounding monthly, financing until paid off with 60 equal payments. i. What is the total interest paid at each scenario? ii. Which one is economical and why
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