How to Calculate a Car Loan Payment (Step-by-Step Example)

Описание: this video, we work through a $20,000 car loan at 6% interest over 5 years—just like you might face at a dealership. You'll see the full math behind the calculation, verify it with an online car loan calculator. Whether you're buying your first car or just brushing up on financial math, this tutorial has you covered.
👉 Perfect for students, DIY budgeters, and anyone interested in how loans really work.
📌 Topics Covered:
• Loan formula basics
• Worked example
• Using online loan calculators
🔗 Verified with: [Bankrate Auto Loan Calculator]
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