Car Loan Assignment

Calculate your payment Loan amount: $ Loan term: months. Interest rate: % SEE EXAMPLE BELOW: PRICE of car: $13,000. Estimated MONTHLY PAYMENT you can afford: $250. NEW CAR interest rate: 3.45% (for a 48 month loan) Use the following formula: PV = present value of the loan or the amount of the loan (cost of car) = $13,000. PMT = $250 ................
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