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Amortization math problem?
Amortization math problem?
Posted at：
2014-12-05
Chris and Carol just bought a $14,000 van and financed it for 5 years at 7% interest. What are the monthly payments?
The PV of this Annuity is 14,000. With N 60 and R .5833%, compute Annuity of 277.22
277.22 ---
Chris and Carol just bought a $14,000 van and financed it for 5 years at 7% interest. What are the monthly payments?
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