| PV | ? |
| n | 60 |
| InterestRate | 0.0400 |
| PMT | $300.00 |
| DownPayment | $2,000.00 |
| i = InterestRate/12 | 0.0033 |
| 1+i | 1.0033 |
| (1+i)^-n | 0.8190 |
| 1-(1+i)^-n | 0.1810 |
| i/(1-(1+i)^-n) | 0.0184 |
| PV = PMT/[i/(1-(1+i)^-n)] | $16,289.72 |
| PV + DownPayment | $18,289.72 |
| TotalCost = DownPayment + nPMT | $20,000.00 |