Problem
To reduce her personal carbon footprint, Zooey is buying a new Ford Escape hybrid. She has negotiated a price of $21,900 and will trade in her old Ford Contour for $2350. She will put another $850 with it and borrow the remainder at 7% interest compounded monthly for 4 years. Prepare a payment schedule for the first three months of payments.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.