Please choose your own dream car and construct amortization schedule in excel. I provide the template...

Please choose your own dream car and construct amortization schedule in excel. I provide the template format for your excel. You should construct with formula in excel. You can choose your own loan amount, down payment, maturity (e.g., 5 year, monthly payment), and interest rate as 6 percent annual rate (i.e., monthly periodic interest rate is 6/12 = 0.5 percent)

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Expert Solution

Please refer to below spreadsheet for amortization schedule of car loan. Formula reference also provided for better understanding of calculations -

Formula reference -

jeff jeffy answered 1 year ago

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