You forget the interest is an ANNUAL percentage and your loan is a 3 year loan, therefore you need to compound the interest amount by 3 for the length of the loan. In other words....$13000 financed @4.5% is $585 per year, multiply that by 3 years and the total interest is $1755 making the monthly payment $409.86.
Matthew David Morris aka MattyB is a 14-year-old pop singer/rapper from Atlanta, GA. He was born on January 6, 2003. Since beginning his music career at age 7, he has quickly become an Internet superstar with more than 5 Billion video views and 12 million YouTube subscribers.
He has almost 200,000 subscribers to his channel and has over 4 million hits to each of his songs-not bad for someone who hasnât even hit the fifth grade yet! Heâs taking voice lessons, acting and dancing lessons at the moment so keep your eyes peeled for MattyB on MTV !