Calculate your monthly payments and total amounts paid. Use the formula for loan amortization below to figure out how much each payment will be. “Amortization” means paying off the loan in a series of equal installments. You’ll need to know the amount of the loan, the monthly interest rate, and the number of months you’ll be making payments in order to make the calculation.
A=P*(r(1+r)^{n})/((1+r)^{n}-1).
1) A=46,998(6.75(1+6.75)^{36}/((1+6.75)^{36}- 1)
2) A=46,998(4.75(1+4.75)^{48}/((1+4.75)^{48}- 1)
3) A=46,998(5.99(1+5.99)^{48}/((1+5.99)^{48}- 1)
Thank you in advance!!!