I am a bit enamored with the new 2020 mid-engine Corvette. It lists for $59,995, but...

I am a bit enamored with the new 2020 mid-engine Corvette. It lists for $59,995, but with dealer gouge I suspect I would have to pay $110,000. Assuming I pay $110,000 with a $20,000 down payment and my loan is for 5 years at 8% EAR, then what will be my monthly car payment?

Expert Solution

approximate monthly payment = $ 1824.83

And if answer in full amount the = $1825

jeff jeffy answered 2 years ago

I am a bit enamored with the new 2020 mid-engine Corvette. It lists for $59,995, but...

I am a bit enamored with the new 2020 mid-engine Corvette. It lists for $59,995, but with dealer gouge I suspect I would have to pay $110,000. Assuming I pay $110,000 with a 42,000 down payment and my loan is for 5 years at 8% EAR, then what will be my monthly car payment?

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I am a bit enamored with the new 2020 mid-engine Corvette. It lists for $59,995, but...

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