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Can Anyone Help Me Calculate The Interest On A Car Loan Of $20,000 For 5 Years At 7% ? Formulas ?

Question by wannafren | Posted in Credit

I cognizant of there are alot of online calculators available, but I need to be sure how the interest works for car loans ? I am trying to calculate the interest myself without using an online computer and my monthyly payments.

Answer: This may look considerate of crazy but it's correct.

Present Value = Cost [1-1/(1+anyhow)^time / rate]

20,000 = C [1-1/(1.0058)^60months / .0058

*that .0058 is .07/12

I don't have a adding machine

 
 

I Want To Buy A Buy. What Is The Current Interest Rate And How To Calculate The Car Loan With 10 Yr Repayment.

Question by Mannan T | Posted in Renting & Real Estate


Answer: You didn't mentioned your homeland, but I believe you are from Singapore. As in the world, only Singapore Government appropriate banks to provide 100%, 10 yrs loan, inorder to "support" more people to buy car. This, no doubt contradicting their

 
 

How Can I Calculate The Balance Of My Car Loan?

Question by Confused | Posted in Personal Finance

I would like to do research myself the balance of my car loan, I don't trust my bank so I would like to check myself but I don't cognizant of how, it is a 6.25% apr for a $40000 loan and at them bank it says that interest is charged on a ordinary basis

Answer: Financed cars is more high-priced to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this shape - carinsurance.yoll.net

 
 

Trying To Calculate On A Car Loan?

Question by xxted_strykerxx | Posted in Personal Finance

Can someone discern me if there's an online calculator that will show me how much I'm saving by paying ahead on my car loan? I wish to know how much money I will save and how fast it will be paid off. (stuck APR loan, no pre-payment penalty)
Thanks

Answer: These are both safe links:

http://www.bankrate.com/brm/auto-loan-ca lculator.asp

http://calculators.interest.com/significance/ calculators/monthly-payment.asp

If it is a fixed payment, set rate with no prepayment

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How Do You Calculate The Interest Rate On A Car Loan?

Question by montrealmarco1 | Posted in Credit

If the interest judge (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?

Answer: This might be functional for you

http://www.cars.com/go/advice/financing/ calc/loanCalc.jsp?fashion=full

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Car Loan Calculator: Get Your Car Finance Estimates In No Time

Most loan calculators are an serenely and handy tool that helps you calculate the cost of the interest rate for your car loan, carloanadviser.co.uk ...

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