Question
Molly takes out an $11,000 personal loan to make home repairs. Her interest rate is 6.4% on a 4-year loan. Her monthly payments are $260.36.
Molly takes out an $11,000 personal loan to make home repairs. Her interest rate is 6.4% on a 4-year loan. Her monthly payments are $260.36. What is the total payback amount and how much of that is interest?
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To find the total payback amount and the amount of interest we can use the formula for the ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
