Question by shadowmancer666999: How do I figure out the interest on a bank loan?
I borrowed $ 10, 000 from the bank. The bank is charging me 6.3%/a interest for 3 years until it is paid off. My monthly payments are $ 305.58, I need to figure out what I am going to owe at the end of the first month. Please help me figure it out!!!
Best answer:
Answer by mups mom
how about calling the bank for a payoff amount? just give them a specific date.
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