Nov 3 2009
What is the formula used to figure automobile loans?
- 2 Comment
2 Comments on this post
Trackbacks
-
Phil said:
The answer just provided is only a simple interest formula. It is not the one used for car loans. The correct one used by banks for car loans is complicated. There are fomulas that will get you close to the right answer, but will never give the right answer.
Like or Dislike:
0 
0November 3rd, 2009 at 2:47 pm -
jellis15 said:
intrest=prinspal*rate*time
or
i=prtLike or Dislike:
0 0November 3rd, 2009 at 2:47 pm
