For example the first interest payment on the schedule above would be 3750 10000 x 000375 3750. For example a 45 APR would translate to 000375 0045 12. Then we take this number and take it to our power of -60 to get 100625-60 0688.
C Monthly Payment.
Deferred payment price Down payment all monthly installments. First we will add what is inside the parentheses to get 1 000625 100625. Car loan shopping is just as important and knowing how to calculate the APR on an auto loan can help you determine whether a loan might be right for you. You can calculate your interest costs using the formula I P X R X T where.