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16 July, 08:41

What would a monthly payment be on purchase of a 11,000 car at 6.9% for 3 years

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  1. 16 July, 12:21
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    Number of months

    12*3=36 months

    3years=36 months

    Total interest

    (0.069*1,100*37) : (2*12)

    =117.0125

    Total paid

    117.0125+1,100

    =1,217.0125

    Monthly payment

    1,217.0125:36

    =33.80
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