If I was going to borrow $14,000 and finance for 3.67% APR for 72 months, how much would I end up?

Question

Please show how you got the answer. I am trying finance for the first time and I don't know how to do this.

Answer

ok, we have;
 rate=R=3.67%
 principal(P)=$14000   time(T)=72mouth=72/12=6year
  interest(I)=P*R*T/100
well,
 .'. I=14000*3.67*6/100
     =308280/100
      =3082.8
thus;
  u would end up with $3082.8

If I was going to borrow $14,000 and finance for 3.67% APR for 72 months, how much would I end up?

Answers (1)