Moulton Motors is advertising the following deal on a new Honda? Civic: "Monthly payments of ?$435.93 for the next 60 months and this beauty can be? yours!" The sticker price of the car is $21,000. If you bought the? car, what interest rate would you be paying in both APR and EAR? terms? What is the amortization schedule of the first six? payments?
Moulton Motors is advertising the following deal on a used Honda? Accord: ? "Monthly payments of ?$195.50 for the next 54 months and this beauty can be? yours!" The sticker price of the car is ?$7,800.If you bought the? car, what interest rate would you be paying in both APR and EAR? terms? What is the amortization schedule of the first six? payments?