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=

Answer :

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