1 Answered Questions for the topic Compound Interest Loan Debt

Compound Interest Loan Debt

03/20/15

Compound Interest on Loan Payments

If you owe $48,000 on a loan which charges an annual interest rate of 12% compounded monthly, and you can afford to pay $689 per month toward your loan, it takes 10 years to pay off your loan. If... more

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.