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My car was bought for 26,000.
I deposit weekly at set amount.
I have figured 93 is the minimum weekly necessary to not fall behind.
Figured that out by taking monthly payment of 400 x 12 to get yearly amount due and dividing that by 52 for the total amount of weeks in a year. If I increased the minimum to 150 a week how long would it take to pay off and what would that formula look like.
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So, if I understood this correctly, you bought a car for 26,000 and want to pay 150 per week to completely pay it off? In which case, divide 26,000 by 150. It gives about 173 weeks, which is about 14 months.
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