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Find a monthly payment on a 48 month new car loan for $15,000 with a credit score of 700Find a monthly payment on a 48 month new car loan for $15,000 with a credit score of 600

Find a monthly payment on a 48 month new car loan for 15000 with a credit score of 700Find a monthly payment on a 48 month new car loan for 15000 with a credit class=

Respuesta :

We know that with a 700 credit score we pay $23 per $1000 financed, then the monthly payment will be:

[tex]\frac{15000+48\cdot15\cdot23}{48}=657.50[/tex]

Therefore for a 700 credit score tour monthly payment is $657.50