Posted by **claudia** on Saturday, March 12, 2011 at 9:42pm.

what would be your monthly car payment on a $15000 4 year loan @ 10%. Payments are made at the end of each month

- Finance -
**Ms. Sue**, Saturday, March 12, 2011 at 9:49pm
http://www.onlineloancalculator.org/

- Finance -
**Reiny**, Sunday, March 13, 2011 at 12:59am
15000 = payment [1 - .10/12)^-48]/(.10/12)

15000 = payment [39.42816039]

payment = 15000/39.42816039 = 380.44

which is exactly what Ms Sue's on-line loan calculator gave me.

## Answer This Question

## Related Questions

- Finance - You just acquired a mortgage in the amount of $249,000 at 6.75% ...
- Finance - 11. Loan Payments You wish to buy a $30,000 car. The dealer offers you...
- Math - You need to borrow $20,000 to buy a car. You can only afford to make ...
- Finance - Loans problem please help - A company borrows $170000, which will be ...
- Please Help me with a Finance - Loan problem - A company borrows $170000, which ...
- Finance Math - Jane made a down payment of 1500 dollars toward the purchase of a...
- Math - Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an ...
- math - Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an ...
- consumer math - Tim Worker buys a new sofa for $629.95. He pays 25% down and ...
- Finance - Sutton Corporation, which has a zero tax rate due to tax loss carry-...

More Related Questions