Question

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

Answer 1

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 :)

Answer 2

23658.95 is what they want you to pay; so lets divide that by 60 months

Answer 3

$ 394.32 sounds about right.

Answer 4

sounds right hanks

Answer 5

uor elcome :)