What is the effective annual interest rate on the loan?

**$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?**

30 days to first payment is 202.90, 45 days is 203.74

**$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?**

Monthly Principal %26amp; Interest $202.90

Total Number of Payments 48

Total of 48 Payments $9,739.23

Original Loan Amount $8,000.00

**$8,000 car loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment?**

dont have any payments on my 2 cars. i pay cash, no interest, more money to live on

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