You are interested in purchasing a new automobile that costs $35,000. The dealership offers you a special financing rate of 6% APR (0.5%) per month for 48 months. Assuming that you do not make a down payment on the auto and you take the dealer's financing deal, then what is your monthly car payment?

I know the answer is 822.

But, i want to know how to get it. Do not get me the PMT excel form.

I need someone to solve by hand. Show step