Based on the information given in the slides, you are required to show how the estimated payment of $2,553.35/month is calculated. The key information that you should use are the total amount financed, term, and estimated APR

1. Please show how the monthly estimated amount is calculated. You can use an Excel spreadsheet.
2. Please let me know what made it difficult to arrive at the amount in the process.

Estimated Net Trade-In Value (i) Estimated Payment $2,553.35/mo [5] Estimated APR[4] 8.39%