Calculate The Interest Rate On A Car Loan

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Posted on October 05, 2018 at 03:59 AM



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See Calculate the Interest Rate on a Car Loan on youtube. See How to pay off a 30 year home mortgage in 5-7 years on youtube. See How Do Principal Payments Work on a Home Mortgage? on youtube.
How do you calculate the interest rate on a car loan ...
If the interest rate (as an example) is 18% on a loan of $8000 what would be the monthly payment over 60 months and how do you calculate it?
How do they calculate the interest % rate on a car loan ...
So I just got a new used car last month and I just made my first payment a couple days ago, and I think their calculations are wrong according to what my contract states. I borrowed $15,999.01 from the bank @ 12.75% interest rate for 72 months. The contract states I will have paid a total of $7,095.60 in interest within that 72 month period, which totals to $23,094.61 I would have paid.

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