as a fraction it would be 74 over 25 in one way there might be other ways
You will need 7 because 150 divided by 20 is 7
Answer:
Monthly pay = int. rate / 12 months * cost of car after downpayment / (1-(1+ int. rate/12 months)^( - term length of loan )
Step-by-step explanation:
Just plug in your numbers:
M = 0.0375/12 * 30000/(1-(1+.0375/12)^60)
since 5 years is 60 months
I think that is a reflection
