#2**+2 **

I'll give this my best shot...although I'm not sure of the answer

m = .08/12 = (1/150)

P = $3500

n = 2 years

a = 12 payments per year

So...the monthly payment is

3500(1/150) [ (1 + 1/150)^(12 * 2)] / [ (1 + 1/150)^(12 * 2) - 1 ] ≈ $158.30

If this is the monthly payment...then the total payment is 24 * 158.30 = $3799.20

[ If anyone else is more familiar with this....please point out any mistakes !!! ]

CPhill Sep 26, 2018