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3 years ago

What would a monthly payment be on a purchase of a $10,000 car at a 5.9% for 4 years?

2 answers:

5 0

The current monthly pay can be calculated as follows;
A=p(1/r/100)^n
A=10000
r=5.9/12=0.5%
10000=p(1+0.5/100)^(4*12)
10000=p(1.005)^48
p=10000/(1.005)^48
p=7,871
the monthly payment will be:
7871/12
=$655.92

nikdorinn [45]3 years ago

4 0

Answer:

$234.39

Step-by-step explanation:

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