Keyword Analysis & Research: how to calculate a car payment in excel


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Frequently Asked Questions

How do you figure a car payment?

Run a Carfax and find out where that car has been. These cars are often sold at inflated prices, sometimes two or three times their book value. Salespeople at these places often talk in terms of the payment, less about APR, or what the car costs. Also, remember that it is a buy here, pay here dealership.

What is the formula for car payment?

car payment formula: c = Monthly Payment. r = Monthly Interest Rate (in Decimal Form) =. (Yearly Interest Rate/100) / 12. P = Principal Amount on the Loan. N = Total # of Months for the loan ( Years on the loan x 12) Example: Monthly payment for 5 year auto loan, with a principal. of $25,000, and a yearly interest rate of 6.5%:


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