Thread: car loans
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Posted to microsoft.public.excel.worksheet.functions
Monty
 
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Default car loans

if i know the loan amount say 22,000, the APR 10.49%, the loan is for 36
months, but on month 36 i have a balloon amount of 14,500 left to pay. how do
i calculate the monthly payment and the amount of interest i have paid over
the period before the balloon amount is to be paid