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what is the formula for the tesla finance calculation?
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from here the formula is m = p * ( j / (1 - (1 + j)^ -n)). m: monthly payment result = 980.441... p: principal or amount of loan 63963 (71070 - 10% down * 71070) j: monthly interest; annual interest divided by 100, then divided by 12. .00275 (3.3% / 12) n: number of months of amortization, determined by length in years of loan. 72 months see this wikipedia page for the derivation of the formula
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