truck price $40,000 loan amount 34000

percent down 15% APR 2.25%

APR 1% pmt/yr 12
pmt/yr 12 yr 5
yr 2

amount down 6000

amount loan $34,000
monthly deposit 247.61248 monthly payment $599.67

saving schedule PMT # $ PMT $ INT $ BAL payment schedule PMT # PMT $ $ INT PD

1 247.6125 0 247.6125 1 $599.67 63.75

12 247.6125 2.279262 2985.006 12 $599.67 52.592446
24 247.6125 4.789665 6000 24 $599.67 40.155471
36 247.6125 7.325287 9045.282 36 $599.67 27.435761
48 247.6125 9.886382 12121.16 48 $599.67 14.426887
60 $599.67 1.1222765
$1,893.24

1) $1893.24 is the total amount of principle paid for the sixty payments.
2) $26890.90 is the total amount of interest paid for the sixty payments.
3) $28784.14 is the total amount paid for the sixty payments.
4)The total interest is 5.56 percent of the amount of the loan
$ PRINC PD $ BAL
34000
$535.92 $33,464.08
$547.08 $27,502.23
$559.51 $20,856.74
$572.23 $14,060.17
$585.24 $7,109.10
$598.55 $0.00
26890.90