Question: solve by hand without using financial calculator, i need to know the steps to solve. Suppose that you borrow $10,000 on a 60 -month car

solve by hand without using financial calculator, i need to know the steps to solve.

Suppose that you borrow $10,000 on a 60 -month car loan at 6.25% APR. Compute the monthly payment. Set up an equation for the problem using the following variables: n i pv pmt fv; where n= number of periods and i= interest rate per period b. Indicate how you would solve for the payment using a financial calculator

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