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 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%. Show work.

What is the ENDING LOAN BALANCE in the 48th month?

1,144.31

573.34

$0.00

4)	$13,123.18

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