Question 1163469
<font face="Times New Roman" size="+2">


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ PMT\ =\ P\frac{r(1\,+\,r)^n}{(1\,+\,r)^n\ -\ 1}]


*[tex \Large PMT] is the monthly payment


*[tex \Large P] is the original principal amount


*[tex \Large r] is the interest rate per payment period expressed as a decimal.  You have to divide your annual interest rate by 12 to get monthly.  23% is 0.23, then divide by 12.


*[tex \Large n] is the number of payments. 12 per year times 3 years.


Plug in the numbers and then do the arithmetic.
								
								
John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
<img src="http://c0rk.blogs.com/gr0undzer0/darwin-fish.jpg">
*[tex \Large \ \
*[tex \LARGE \ \ \ \ \ \ \ \ \ \  
								
{{n}\choose{r}}
</font>