We got a loan for 84 months on a simple rate loan how do you figure out what your pay off is in 3 months? I plan on paying it off in 3 months just wondered how you figure it out. its friday and i was just tryin to figure it out
Posted 2011-03-25 9:44 PM (#132145 - in reply to #132142) Subject: RE: simpe intest loans
Expert
Posts: 3853 Location: Vermont
Originally written by WVbarrelracer06 on 2011-03-25 7:49 PM
We got a loan for 84 months on a simple rate loan how do you figure out what your pay off is in 3 months? I plan on paying it off in 3 months just wondered how you figure it out. its friday and i was just tryin to figure it out
Posted 2011-03-27 8:02 AM (#132191 - in reply to #132142) Subject: RE: simpe intest loans
Member
Posts: 7
Location: Nashville, TN
You can also google "amortization calculator" and input the data. This will tell you exactly how much goes to principal and interest through the length of the loan.
simpe intest loans
