I’m looking to buy my very first car and I’m clue less as to what a high interest rate is. I’m 19 and I’ve already managed to mess up my credit but I also have 2 kids and a husband and we need to get around. I was looking into setting my budget at around [...]

The bank is financing my wife for 9606.00 at an interest rate of 7.5%. The Term is for 5 yrs (60 months) What should the monthly payments be? I used to be able to do this, but I think I’m missing something. Here is how I did my math: I took $9606.00 and multiplied it [...]