Solve the problem. Round to the nearest cent.Rachel financed her first car for $8,972.60 at an APR of 13.5% paying $165.68 monthly over seven years. Create an amortization schedule for the first 3 payments.
What will be an ideal response?
| Payment Number | Total Payment | Interest Portion | Principal Portion | Balance | Interest Rate |
| 0 | ? | ? | ? | $8,972.60 | 13.50% |
| 1 | $165.68 | $100.94 | $64.74 | $8,907.86 | ? |
| 2 | $165.68 | $100.21 | $65.47 | $8,842.39 | ? |
| 3 | $165.68 | $99.48 | $66.20 | $8,776.19 | ? |
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A. 
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