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2. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...

3. How to save for a car: A step-by-step guide - AOL

   www.aol.com/finance/save-car-step-step-guide...

   Calculate your down payment. Determine what monthly payment you can afford. Consider additional costs. Establish a savings plan. Trade in or sell your old car. Learn how to negotiate a deal. A car ...

4. Average Car Payment Is $738/Month: 7 Models To Consider ... - AOL

   www.aol.com/finance/average-car-payment-738...

   According to LendingTree, the average monthly car payment for new vehicles is $738 -- higher than it's ever been. Leased and used vehicles have also gone up on a year-over-year basis, with used ...

5. How Much Car Can You Afford? - AOL

   www.aol.com/much-car-afford-134000667.html

   If your gross salary is $60,000, your take-home monthly pay is probably around $3,750, assuming about 25% of your pay goes toward taxes and other expenses. Based on the 10-15% calculation, you ...

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. 7 Things You Must Do When Your Car Payment Exceeds $535 ... - AOL

   www.aol.com/7-things-must-car-payment-190046893.html

   If possible, try to keep your car payment to a maximum of 10% to 15% of your monthly take-home pay. The U.S. Census Bureau found that the real median household income after taxes is around $64,240 ...