A car loan of $8,000 is repaid by equal payments made at the end of every three months for two years. If interest is 7%
Posted: Mon Apr 25, 2022 8:30 am
A car loan of $8,000 is repaid by equal payments made at the end
of every three months for two years. If interest is 7% compounded
quarterly, calculate the size of the quarterly payments, and
construct an amortization schedule showing details of the first two
payments, the last two payments, and totals.
of every three months for two years. If interest is 7% compounded
quarterly, calculate the size of the quarterly payments, and
construct an amortization schedule showing details of the first two
payments, the last two payments, and totals.