PLEASE SHOW ALL WORK LOAN AMORTIZATION FOR THIS AND THE NEXT 2 QUESTIONS On a spreadsheet, set up a monthly amortization schedule for a 3 year car note of $20,000 The annual interest rate on this loan is 7 Calculate the monthly payment A $617 54 B $7,709 58 C $3,630 76 D None of the above What is the beginning loan balance on the 24th month A $617 54 B $7,709 58 C $3,630 76 D None of the above What is the ending loan balance on the 30th month A $617 54 B $7,709 58 C $3,630 76 D None of the above At maturity, the value of a bond is always equal to its face value A True B False Zero coupon bonds always sell at less than face value prior to maturity A True B False

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Question: PLEASE SHOW ALL WORK LOAN AMORTIZATION. FOR THIS AND THE NEXT 2 QUESTIONS. On a spreadsheet, set up a monthly amortization schedule for a 3-year

PLEASE SHOW ALL WORK

LOAN AMORTIZATION. FOR THIS AND THE NEXT 2 QUESTIONS. On a spreadsheet, set up a monthly amortization schedule for a 3-year car note of $20,000. The annual interest rate on this loan is 7%. Calculate the monthly payment.

		A.$617.54
		B.$7,709.58
		C. $3,630.76
		D. None of the above

What is the beginning loan balance on the 24th month?

		A. $617.54
		B. $7,709.58
		C. $3,630.76
		D. None of the above

What is the ending loan balance on the 30th month?

	A.	$617.54
	B.	$7,709.58
	C.	$3,630.76
	D.	None of the above

At maturity, the value of a bond is always equal to its face value.

A. True

B. False

Zero coupon bonds always sell at less than face value prior to maturity.

A.True

B. False

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