Question: Create the amortization table for the car loan question used in the lecture, and answer the questions below. you want a car loan of $10,000.


Create the amortization table for the car loan question used in the lecture, and answer the questions below. you want a car loan of $10,000. The loan is for 4 years and interest rates are 9 percent per year. 1. How much is the remaining balance after 2 years? 2. How much total interests would you have paid in the 1st year (from month 1 to month 12)? Total N APR $10,000 4 9% Monthly payment: Amortization Table Month Beginning Monthly interest Balance Payment Paid Principle Paid Ending Balance Remainig Balance after 2 years Total Interests in 1st year
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