You want to buy a car for 30,000 and you plan to finance the car at...

 

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You want to buy a car for 30,000 and you plan to finance the car at 5.4% over 5 years (monthly payments). You can make a 4,000 down payment. a) What will be your monthly payment (end of month)? b) Set up an amortization schedule You want to buy a car for 30,000 and you plan to finance the car at 5.4% over 5 years (monthly payments). You can make a 4,000 down payment. a) What will be your monthly payment (end of month)? b) Set up an amortization schedule

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To calculate the monthly payment and set up an amortization schedule for financing a car we can use ... View the full answer