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2. Can’t Pay Cash for a Car? Follow This Formula To Pump the ...

   www.aol.com/finance/t-pay-cash-car-formula...

   If you pay a $500 monthly payment for three years, that equals only $18,000, Costanza pointed out. “By using this rule, the average American can only purchase a $23,000 car and that requires a ...

3. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   The denominator of a Rule of 78s loan is the sum of the integers between 1 and n, inclusive, where n is the number of payments. For a twelve-month loan, the sum of numbers from 1 to 12 is 78 (1 + 2 + 3 + . . . +12 = 78). For a 24-month loan, the denominator is 300. The sum of the numbers from 1 to n is given by the equation n * (n+1) / 2.

4. Compound interest - Wikipedia

   en.wikipedia.org/wiki/Compound_interest

   PMT(interest_rate, number_payments, present_value, future_value, [Type]) Approximate formula for monthly payment. A formula that is accurate to within a few percent can be found by noting that for typical U.S. note rates (< % and terms =10–30 years), the monthly note rate is small compared to 1.

5. 7 Key Signs That Your Monthly Car Payment Will Break ... - AOL

   www.aol.com/7-key-signs-monthly-car-160050930.html

   Loan Payments Exceed 15% of Your Monthly Income. While developing a perfect formula is difficult, many experts suggest that your car loan payments shouldn’t exceed 15% of your monthly take-home pay.

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage ), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. How Much Car Can I Afford? How To Calculate - AOL

   www.aol.com/much-car-afford-calculate-212330885.html

   According to Capital One, the 20/4/10 rule can help you determine how much car you can afford if you meet these requirements: 20% down payment: You are able to put down at least 20% on the car. 4 ...