Recent content by blackunicorn

1. Assume monthly car payments of $500 per month for 4 years and an interest rate of 0.75% per month. What initial principal will this repay?2. I'm looking for the formula that would be used to calculate it and how to apply it.3. My attempt - P*0.075= $500[1-(1+0.075)^(-48) I calculated 48 by 4...