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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?
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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amistre64
 5 years ago
Best ResponseYou've already chosen the best response.05 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 :)

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.023658.95 is what they want you to pay; so lets divide that by 60 months

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.0$ 394.32 sounds about right.
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