Question: Eric is thinking about buying a car and is working on developing a financial plan. He has his eye on a $27,000 car and has

Eric is thinking about buying a car and is working on developing a financial plan. He has his eye on a $27,000 car and has $3,000 in his savings account as a down payment. He wants to figure out how much he will end up paying for the entire life of the loan if the bank grants him a 5-year loan with an interest rate of 7%. an amortization schedule for this car loan.

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