Hello,
I'm trying to find the formula for some computation so I can do it manually and fully understand how it works. (Not use an existing calculator to get the result)
1. Given a Vehicle, the Tax rate and APR and chosen monthly payment - I want to calculate the number of payments (as well as last payment) and interest amount.
2. Where I live, there are 2 pays for car dealers to perceive taxes. In one method taxes earn interest, in the other it does not. I'd like to know how to compute the results of case #1, if the taxes do not earn interest.
Many Thanks
Peter
I'm trying to find the formula for some computation so I can do it manually and fully understand how it works. (Not use an existing calculator to get the result)
1. Given a Vehicle, the Tax rate and APR and chosen monthly payment - I want to calculate the number of payments (as well as last payment) and interest amount.
2. Where I live, there are 2 pays for car dealers to perceive taxes. In one method taxes earn interest, in the other it does not. I'd like to know how to compute the results of case #1, if the taxes do not earn interest.
Many Thanks
Peter