Create an Amortization tableusing the following:I am buying a Tesla for$75,000. I am paying it...

60.1K

Verified Solution

Question

Basic Math

image

Create an Amortization tableusing the following:I am buying a Tesla for$75,000. I am paying it offover 7 years, and I have aninterest rate of 1.8%.What is my monthly payment?How much of the first paymentis going toward interest?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students