Help me find the monthly payment?

Chico is financing a car, $9,550, APR 8.9% for 3 years. What is his monthly payment?

His monthy payment per $100 is (8.9%) $3.52.

I don't have a clue how to do this...could someone help, please?

1 Answer

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  • 8 years ago
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    Divide the amount financed ($9,550) by $100 and then multiply by $3.52

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