I need help solving this problem. I tried the monthly payment formula

Monthly payment= Amount Borrowed x r(1+r)^t / ((1+r)^t-1)

r= APR/12 which is 0.065/12=0.005

t= term of years which is 36

I end up with 760.54 then I multiply it by the term of years(36) I end up with 27,379.44

then take 27,379.44-25000=2,379.44

Which is the wrong answer, I don't know what I am doing wrong.Here is the formula and Question

To buy a car, you borrow $25,000 with a term of three years at an APR of 6.5%. What is your monthly payment? 0 $250.65 @- $766.23 \\ ' 1 C . $487.50 \\ ' 2 C . $162.50 is makes the calculation of the monthly payment fairly complicated, as you might surmise from the following formula. FORMULA 4.6 Monthly Payment Formula Monthly payment = Amount borrowed x r(1 + r) ( (1 + r ) * - 1 ) Here, t is the term in months and r = APR/12 is the monthly interest rate as a decimal. Alternatively, we can write the formula as (12y) Amount borrowed x APR 12 1+ APR 12 Monthly payment = 1 + APR (12y) 12 - 1 where y is the term in years