Question

What I'm doing wrong its sayin him wrong in canvas! Consider having a personal loan that spans 5 years. The loan was only taken out for $6000, but the interest rate was a higher fixed percentage of 5.99%. How much interest will you have paid after it is paid off?

2. What is the total interest you will have paid for the scenario below?

The home you purchased was sold for $141,000 with a fixed APR of 1.035% across 40 years. The down payment required was 6.0%.

Answer 1

Time dependency: 5 years

Initial: 6000

Tax Rate: 5.99%

So at the end you would have paid $2,025.57