Question: Using Excel, make a amortization schedule for a car loan. Using Excel, in the templates search for car loan and then choose loan amortization schedule

Using Excel, make a amortization schedule for a car loan. Using Excel, in the templates search for "car loan" and then choose loan amortization schedule. Fill out the form with data from any car purchase that comes to mind.Answer the following:

  1. What is the payment?
  2. What is the total paid in interest?
  3. How long is the loan? Why was this particular term length chosen?
  4. What interest rate was used? Why?
  5. Is this car affordable in the budget?

Use Microsoft Excel when making this.

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