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Automobile Price $20,000.00 Number of Months 60 Annual Interest Rate 3.90% Buyback $8,000.00 Buy Lease Period Opening Balance Payment Interest Closing Balance Opening Balance Payment
Automobile Price | $20,000.00 |
Number of Months | 60 |
Annual Interest Rate | 3.90% |
Buyback | $8,000.00 |
Buy | Lease | ||||||||
Period | Opening Balance | Payment | Interest | Closing Balance | Opening Balance | Payment | Interest | Closing Balance | |
1 | $20,000.00 | $20,000.00 | |||||||
2 |
Need help with formulas to calculate the monthly payments, interest, and closing balance, in excel. I think it is PMT functions, but can't figure it out.
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