Question: LOAN AMORTIZATION. PLEASE USE THE INFORMATION IN THIS PROBLEM FOR THIS AND THE NEXT TWO QUESTIONS. On a spreadsheet, set up a MONTHLY amortization schedule

LOAN AMORTIZATION. PLEASE USE THE INFORMATION IN THIS PROBLEM FOR THIS

LOAN AMORTIZATION. PLEASE USE THE INFORMATION IN THIS PROBLEM FOR THIS AND THE NEXT TWO QUESTIONS. On a spreadsheet, set up a MONTHLY amortization schedule for a 4-year car note of $25,000. Annual interest rate is 5%. Calculate the MONTHLY PAYMENT. O $709.58 $575.73 $7,050.30 O None of the above QUESTION 11 What is the BEGINNING LOAN BALANCE in the 24th month? $13,642.07 $575.73 $518.89 $13,123.18 None of the above

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