Question: NOTES PRACTICE ANOTHER % Interest for four Wade Ellis buys a new car for $16,362,68. He puts 10% down and obtains a simple interest amortized

NOTES PRACTICE ANOTHER % Interest for four Wade Ellis buys a new car for $16,362,68. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 years. (Round your answers to the nearest cent.) (a) Find his monthly payment. $ 426 46 (b) Find the total terest $ 3,845,18 X (c) Prepare an amortization schedule for the first two months of the loan. Payment Principal Interest Total Number Portion Portion Payment 0 Balance 1 $ 2 2 $ Exercises 11, 12, 13, and 14, find the future value of the given present value 3 1. Present value of $3,670 at 2-% for seven years. 4 swer

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