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Question

You bought a Car. The price was 25,000, the down payment was $5,000, you rate on the

5 year note was 8.5. Calculate your monthly payment, amortization schedule, D/E ratio's, and opinie as to if this was a good investment. 

1. Calc. Payment 2. Amortize. Schedule  3. Debt to Equity Ratio at 15 months, and at 48 months, assuming 1% growth rate on Car? 4. At what month will D/E be (about) even?

What I need to put in here?

Price 25,000??

Loan Amount 5,000?

Interest Rate  0.085?

Term (years) 5?

Are they correct?

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