+0  
 
0
717
1
avatar

What are my monthly payments on a car loan if I want to borrow $24,000.00 at 1.74% interest over 60 months?

 Jun 10, 2015

Best Answer 

 #1
avatar+118723 
+5

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 :)

 Jun 11, 2015
 #1
avatar+118723 
+5
Best Answer

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 :)

Melody Jun 11, 2015

2 Online Users