Mathematics, 18.06.2020 16:57 mstahuggoo6102

Melanie wants to purchase a car that costs $43,150. She has decided to make a 20% down payment. Her bank offers her a 48-month loan at a 5.25% interest rate. Build a loan amortization schedule. What is the amount of interest paid on the car loan for the first 12 months? approximately $162

approximately $194

approximately $1941

approximately $1622

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