You will have 11 monthly payments of $519.16
Your 12th payment will be $519.17.
Your total payments are $6229.93
Your total interest is $229.93
Can You Figure Amortization On $6000 Loan At 7 Percent Interest For One Year?
You will have 11 monthly payments of $519.16
Your 12th payment will be $519.17.
Your total payments are $6229.93
Your total interest is $229.93
6 year, 6% stated interest rate per year. Will pay the entire 1,000,000 at the end of 6 years.
Interest expense, discount on note,
Interest expense, discount on note,