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anonymous

  • 5 years ago

new car cost 18,900 interest rate is 4.5 for 60 months, how much is payment?

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  1. amistre64
    • 5 years ago
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    5 years, .045 a year, compounded monthly i assume. P(1+.045/12)^(12*5) gives us a number, but I aint sure if its the number you want :)

  2. amistre64
    • 5 years ago
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    23658.95 is what they want you to pay; so lets divide that by 60 months

  3. amistre64
    • 5 years ago
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    $ 394.32 sounds about right.

  4. anonymous
    • 5 years ago
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    sounds right hanks

  5. amistre64
    • 5 years ago
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    uor elcome :)

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