The dealer offers financing at 85 apr with 2500 cash down


You buy a car for $29,500. The dealer offers financing at 8.5% APR, with $2,500 cash down, and monthly payments for three years. In cell B2 compute the size of the payments. Starting in row 15, construct a full amortization schedule for your loan. Columns should include column A: Payment Number, column B: Loan Balance at Start of Month, column C: Monthly Payment, column D: Interest Paid this Month, column E: Principal Repaid this Month, and column F: Loan Balance at End of Month. Print out the full spreadsheet on one sheet of paper.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The dealer offers financing at 85 apr with 2500 cash down
Reference No:- TGS02612689

Expected delivery within 24 Hours