Calculate an amortization schedule for a new car loan


Problem

Calculate and print out an amortization schedule for a new car loan. The nominal interest rate is 9% per year, compounded monthly. Payments are made monthly for 5 years. The original loan is for $17,000.

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.

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Microeconomics: Calculate an amortization schedule for a new car loan
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