Payment # Payment Amt, $ Interest Paid Principal Paid

0
1 571.53 $147.57 $423.96
2 571.53 $145.45 $426.08
3 571.53 $143.33 $428.20
4 571.53 $141.19 $430.34
5 571.53 $139.04 $432.49
6 571.53 $136.89 $434.64
7 571.53 $134.72 $436.81
8 571.53 $132.54 $438.99
9 571.53 $130.35 $441.18
10 571.53 $128.14 $443.39
11 571.53 $125.93 $445.60
12 571.53 $123.71 $447.82
13 571.53 $121.47 $450.06
14 571.53 $119.23 $452.30
15 571.53 $116.97 $454.56
16 571.53 $114.70 $456.83
17 571.53 $112.42 $459.11
18 571.53 $110.13 $461.40
19 571.53 $107.83 $463.70
20 571.53 $105.52 $466.01
21 571.53 $103.19 $468.34
22 571.53 $100.85 $470.68
23 571.53 $98.51 $473.02
24 571.53 $96.14 $475.39
25 571.53 $93.77 $477.76
26 571.53 $91.39 $480.14
27 571.53 $88.99 $482.54
28 571.53 $86.58 $484.95
29 571.53 $84.16 $487.37
30 571.53 $81.73 $489.80
31 571.53 $79.29 $492.24
32 571.53 $76.83 $494.70
33 571.53 $74.36 $497.17
34 571.53 $71.88 $499.65
35 571.53 $69.39 $502.14
36 571.53 $66.88 $504.65
37 571.53 $64.37 $507.16
38 571.53 $61.84 $509.69
39 571.53 $59.29 $512.24
40 571.53 $56.74 $514.79
41 571.53 $54.17 $517.36
42 571.53 $51.59 $519.94
43 571.53 $48.99 $522.54
44 571.53 $46.38 $525.15
45 571.53 $43.76 $527.77
46 571.53 $41.13 $530.40
47 571.53 $38.48 $533.05
48 571.53 $35.82 $535.71
49 571.53 $33.15 $538.38
50 571.53 $30.46 $541.07
51 571.53 $27.76 $543.77
52 571.53 $25.05 $546.48
53 571.53 $22.32 $549.21
54 571.53 $19.58 $551.95
55 571.53 $16.83 $554.70
56 571.53 $14.06 $557.47
57 571.53 $11.28 $560.25
58 571.53 $8.48 $563.05
59 571.53 $5.67 $565.86
60 571.53 $2.85 $568.68
34291.8
Outstanding Balance
29573
$29,149.04 The problem:
$28,722.96 The loan for my car is $29 575.44. which includes t
$28,294.76
$27,864.42
freight and all the other fees. I make monthly paym
$27,431.93 years at a rate of 5.99%/a compounded monthly.
$26,997.29 Create an amortization table.
$26,560.48
$26,121.48
$25,680.30
$25,236.91
$24,791.32
$24,343.50
$23,893.44
$23,441.14 TOTAL COST OF CAR: $28 983 ANNUAL RAT
$22,986.58
$22,529.75
LOAN: $29 573.44 MONTHLY RATE: .0599/1
$22,070.65
$21,609.25
$21,145.55 MONTHLY PAYMENT: $507.43 NUMBER OF PAY
$20,679.53
$20,211.20
$19,740.52
$19,267.49
$18,792.11
$18,314.35
$17,834.21
$17,351.67
$16,866.73
$16,379.36
$15,889.57
$15,397.32
$14,902.63
$14,405.46
$13,905.81
$13,403.67
$12,899.03
$12,391.87
$11,882.17
$11,369.93
$10,855.14
$10,337.78
$9,817.83
$9,295.29
$8,770.15
$8,242.38
$7,711.98
$7,178.93
$6,643.22
$6,104.84
$5,563.78
$5,020.01
$4,473.53
$3,924.32
$3,372.38
$2,817.67
$2,260.20
$1,699.95
$1,136.90
$571.05
$2.37
44. which includes taxes
make monthly payments for 5
ounded monthly.

ANNUAL RATE: 0.0599

HLY RATE: .0599/12=0.00499

NUMBER OF PAYMENTS: 60