Create an amortization schedule for the following situation: T buys a new car for $24,000 with 10% down. The loan has a 6% nominal interest rate compounded monthly. The loan is a 4-year loan with monthly payments. T makes 30 monthly payments. Suppose T wants to pay off the remaining balance. What is does T owe the bank?
Create an amortization schedule for the following situation: T buys a new car for $24,000 with 10% down. The loan has a 6% nominal interest rate compounded monthly. The loan is a 4-year loan with monthly payments. T makes 30 monthly payments. Suppose T wants to pay off the remaining balance. What is does T owe the bank?
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Create an amortization schedule for the following situation:
T buys a new car for $24,000 with 10% down. The loan has a 6% nominal interest rate compounded monthly. The loan is a 4-year loan with monthly payments. T makes 30 monthly payments. Suppose T wants to pay off the remaining balance. What is does T owe the bank?
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