you wish to purchase a used car for $9000.

Question

you put 25% down and finance the rest at 3.8% for 5 years, making monthly payments.

 

1.) what is your down payment and how much do you finance?

 

2.) what is your monthly payment on your loan?

 

3.) what is your total finance charge?

Answer 1

If you put 25% down then the amount you finance will be (1-.25)9000= Present value or PV
The present value is the amount of the loan.
Your Payment=PV(i/[1-(1+i)^-n])
n=#years(12)
i=(yearly interest)/12

This should give you a good start.
Good luck!