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 online loan calculator gave me.
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