Question 1135586
using the following calculator, i get a car loan of $12,625.50 as possible.


inputs to the calculator are:


present value = 0
future value = 0
number of months = 5 * 12 = 60
interest rate percent per month = 7/12 = .583333333......
payment per month = 250 (shown as negative because it's money going out)
payment are made at the end of each month.


once you click on PV, the calculator gives you the present value of the loan.


the calculator can be found at <a href + "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>


here's a display of the results.


<img src = "http://theo.x10hosting.com/2019/022601.jpg"alt="$$$" >