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How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?

How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?
asked 149k views
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How many days would it take a construction loan of $548,048 to earn$50,000 exact interest at 9% interest rate?

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User Keshav Lodhi
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7.9k points

1 Answer

4 votes
Wouldn't we require the amount of time?
Depending on the length of the loan, the amount of interest would vary.
answered
User AndyL
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