Calculate an amortization schedule for a used car loan, Microeconomics

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Calculate an amortization schedule for a used car loan

Problem

Calculate and print out an amortization schedule for a used car loan. The nominal interest rate is 12% per year, compounded monthly. Payments are made monthly for 3 years. The original loan is for $11,000. (Answer: Monthly payment = $365.36)

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 used car loan

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Microeconomics: Calculate an amortization schedule for a used car loan

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