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Loan Calculation Formula: M = P [ i(1 + i)^{n} ] / [ (1 + i)^{n}
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In this formula for a monthly payment, assume that there is no down payment, sales tax and TradeIn Value. How much car will that buy? You need to calculate your car loan to make sure it fits into your budget. Determine the minimum income you’ll need and compare monthly payments. If you calculate a car loan before you accept it, you'll have a better understanding of your obligation and hopefully less chance of defaulting on it. Top Use: Car Loan Calculator  Vehicle Price:61888 Interest rate:4% term:9Years Recent user inquiry:
