My car loan payment doesn't make sense: Help Me WalletPop!

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Q . I have a car loan with Capital One Auto Finance and when I signed the contract it said that the monthly note will be $349 per month. The beginning loan balance is $16,684 with an interest rate of 14.35 percent for 72 months. It is a simple interest calculation and according to this it should be $346 per month. Capital One refuses to make the adjustment. Could you help me please.
Cynthia Payton
Baton Rouge, LA

A. Cynthia, it sounds like you plugged your numbers into an online calculator, which is great – I like when consumers do research, and I'm glad you noticed something was up. However, the issue here is that your calculations haven't accounted for the period of time between when you took out the loan and when you made your first payment.