Question
what would be your monthly car payment on a $15000 4 year loan @ 10%. Payments are made at the end of each month
Answers
Ms. Sue
http://www.onlineloancalculator.org/
Reiny
15000 = payment [1 - .10/12)^-48]/(.10/12)
15000 = payment [39.42816039]
payment = 15000/39.42816039 = 380.44
which is exactly what Ms Sue's on-line loan calculator gave me.
15000 = payment [39.42816039]
payment = 15000/39.42816039 = 380.44
which is exactly what Ms Sue's on-line loan calculator gave me.