Overhaulin'

i need help with this math question?

calculate the payment for a $10,000 car loan at 7% interest compounded annually for 5yrs

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1. Principal = $10,000 Interest = 7% Time = 5 years Compound Interest formula is as follows: Compounded Interest = Principal*[(100+Interest Rate)/100]^Time Therefore: $10000[(100+7)/7] ^ 5 = $14 025.5173