What are my monthly payments on a car loan if I want to borrow $24,000.00 at 1.74% interest over 60 months?
What are my monthly payments on a car loan if I want to borrow $24,000.00 at 1.74% interest over 60 months? I assume that is 1.74% per month.
i=0.0174
n=60
PV(present value) = $24000
Find C
Can you do the substitution yourself ? Give it a go :)