Loading [MathJax]/jax/output/SVG/config.js
 
+0  
 
0
742
1
avatar

i need the monthly payment of a car, $6,500 for 4 year with a rate of 18%

 May 29, 2015

Best Answer 

 #1
avatar+118696 
+10

 

n=4*12=48                months

i=0.18/12=0.015       per month

C is what you are looking for

PV = $6500

You can do the rest.  If you want us to check your answer then just ask :)

 May 29, 2015
 #1
avatar+118696 
+10
Best Answer

 

n=4*12=48                months

i=0.18/12=0.015       per month

C is what you are looking for

PV = $6500

You can do the rest.  If you want us to check your answer then just ask :)

Melody May 29, 2015

2 Online Users

avatar
avatar