Question: Please I need help finishing this assignment without showing me the formula how to find the result thank you! You have decided to purchase a
Please I need help finishing this assignment without showing me the formula how to find the result thank you!


You have decided to purchase a new car. You plan to take out a loan to pay for the car. The loan amount is $18,900. You will pay 6.5% interest and will pay off the car in 48 months. You are interested in calculating the total amount of money and the total amount of interest you will pay over the course of the loan. To help you with these calculations, you decide to construct an amortization table. An amortization table provides details about the payment, interest amount, principle amount, and loan balance for every month of the loan. Complete the amortization table and the summary calculations 10 $18,900.00 Loan Amount Term (months) Interest Rate Loan Summa Total Amount Paid Total Interest Paid SUM Check Calculation Buy new in Period 36? 12 13 6.50% 15 16 17 18 19 20 Payment Period Payment Interest Principle Balance $18,900.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 0.00 $0.00 $0.00 0.00 $0.00 0.00 0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 0.00 0.00 $0.00 $0.00 0.00 $0.00 $0.00 0.00 $0.00 23 24 25 26 27 28 29 10 12 32 34 35 36 37 38 39 15 19 20 21 42 25 28 29 47 49 50 51 52 53 54 35 36
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