Calculate the amount of the monthly payment


You just found your dream car. The car will cost you $36,800. The dealer will lend you the entire amount at 3.9 percent interest, compounded monthly, for 48 months. What is the amount of the monthly payment?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Calculate the amount of the monthly payment
Reference No:- TGS0558993

Now Priced at $5 (50% Discount)

Recommended (91%)

Rated (4.3/5)