In: Accounting
You take out a loan in the amount of $14,000 to buy a Kia Soul. The bank offers you a 3 year loan with an APR of 2.9%.
a. Create an amortization table. Paste the first five or six lines in your Word document.
b. What is the total amount you end up paying (including principal and interest)? (Hint: You can just add the payment column.)