Posted by JPinPA on October 29, 2000 at 14:17:23:
My hi-tech calculator comes up with 10.067 months so I would use the K.I.S.S. method. Trying to explain the .067 in the 11th month to a buyer may become difficult and confusing (not to mention the math involved lol).
If you round down to 10 payments the monthly amount would be $201.28 for a total of $2,012.80.
If you round up to 11 payments the monthly amount would be $183.93 for a total of $2,023.23.
11 payment might be a little more attractive to the buyer and will net you a few more bucks.
Hope this helps.