Loan Payments v3 (15p) You purchased a new electric car some time ago. You financed it for 48 months (with payments made at the end of each month) with a loan at 6.3% APR. Your monthly payments are $600 and you have just made your 24th monthly payment.

 a. What is the amount of your original loan? Answer in dollar amount with two decimals (i.e. 690999.43). $

 b. Assuming that you have made all of the first 24 payments on time, what is the outstanding principal balance on your SUV loan? Answer in dollar amount with two decimals (i.e. 690999.43). $

 c. Assuming that you have made all of the first 24 payments on time, then how much interest have you paid over this period? Answer in dollar amount with two decimals (i.e. 690999.43). $

Answer rating: 100% (QA)

a Amount of original loan PV00631248 6000 2539917 b 1349652 c 249735 No of Pmts Date of Payment Star... View the full answer