Register

How much interest is paid on a $52,000 loan if the monthly payments are $450.23 for 30 years? can u also help me understand how to solve for this?

How much interest is paid on a $52,000 loan if the monthly payments are $450.23 for 30 years? can u also help me understand how to solve for this?
asked 188k views
3 votes
How much interest is paid on a $52,000 loan if the monthly payments are $450.23 for 30 years?

can u also help me understand how to solve for this?

asked
User Slawa
by
8.9k points

1 Answer

3 votes
Total payments
450.23×12×30=162,082.8
Interest paid
162,082.8−52,000=110,082.8
answered
User Greg Charles
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!