2. Rhianna is buying a car for $14,390. She has a $1000 trade-in allowance and will make a $1500 down payment. She will finance the rest with a 4-year auto loan at 2.6% APR.

Answer: Her payment will be $261

To find this value, you just need to start with the numbers that you know.

First, find the cost of the loan. 14390 - 1000 - 1500 = 11890
We have to subtract her down payment and trade in allowance.

Then, we need the rate of 2.6%

Finally, the term of the loan is 4 years or 48 months.

Simply plug these values into your equation or use an online calculator. There are numerous ones you can find online.