# Car loan with $350 monthly payment. Total of 60 monthly peyments. Interest rate 1.20%. How much am I borrowing?

Answers:1 | LastUpdateAt:2012-11-05 11:43:06

**Q**uestion- Hi everybody
- Asked at

to buy the car?

Thanks so much for the help

Answer1marlishaAnswered at 2012-11-05 11:41:27

$20,372.53!!

This is using the formula A = P[1-(1+r)?

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Question:**Car loan with $350 monthly payment. Total of 60 monthly peyments. Interest rate 1.20%. How much am I borrowing?**