A brand-new car has a list price of ₱850, 000. The car dealer is giving a trade discount of 10% and requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. Prepare an amortization schedule manually for the first half of the year.

Gmail News Translate Post Attendee - Zo... A new car costing $28,000 can be financed with a four-year loan at 6.12%. A three-year-old model of the same car costs $16,000 and is financed with a four-year loan at 6.86% with monthly payments of $382.10. Use the present value of an annuity formula to find the difference in monthly payments between financing the new car and the used car. Rund to the nearest cent. ni pmt 1 P- $ 282.58 O$ 277.02 O$ 382.10 O$ 166.11

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Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 4.70% compounded semi-annually. If the company makes payments of $1,800 at the end of every month, how long will it take to settle the loan? o years o months Express the answer in years and months, rounded to the next payment period 13 SUBMIT QUESTION SAVE PROGRESS