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.
In Summer 2013, MattyB announced his first headline tour and sold out two back to back shows at Gramercy Theatre in New York City. Since that event, MattyB is continuing to sell out headline shows around the country at the tender age of 12. Aside from his music endeavors, MattyB is a normal middle school student. He is one of five children in his family and enjoys lacrosse, baseball, art, fishing, video games and spending time with his friends and family.