Computer Project 4

20 points

Due date: Friday, December 1st

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Formulate an amortization schedule with the assigned loan amounts, interest rates, and time period. You will receive a handout problem sometime in November. You need to be attending class to receive your assignment. Remember all loans are on a monthly basis and all interest rates are compounded monthly. The hand-out will be turned in with your project.

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Amortization schedule Computer project 4 Create an amortization schedule for a car costing 42,100 dollars and you put 25% down on the car. The interest rate on the loan is 5.8% compounded monthly and you expect to pay the loan amount off in three years making monthly payment.