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MISC 374 Lab 9-1 Car Loan Complete.xlsx - Interest Rate...

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Interest Rate ScheduleTotal CostInterest$561.05$24,500.00$2,500.003.50%1,462.784.00%1,676.584.50%1,891.595.00%2,107.805.50%2,325.216.00%2,543.826.50%2,763.63*** Question 9I used Goal Seek and used the months as my variabMonthlyPaymentTotalInterest
Loan amount$22,000.00Loan Payoff OptionsInterest rate5.90%Original loan termsMonths44Reduce monthly payment to $450Monthly payment$561.05Reduce monthly payment to $350
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Term
Spring
Professor
DebraD.Morgan
Tags
Interest, monthly payment, 2 500 00, 24 500 00, 3 224 36, 4 381 14

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