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anonymous
 one year ago
will fan+medal. XoXo <3
Josh and Michael each have a loan for $6200 with a 4% interest rate. Josh has a monthly payment of $183, and Michael has a monthly payment of $114. How much more in interest will Michael pay if his loan term is 5 years and Josh’s loan term is 3 years?
anonymous
 one year ago
will fan+medal. XoXo <3 Josh and Michael each have a loan for $6200 with a 4% interest rate. Josh has a monthly payment of $183, and Michael has a monthly payment of $114. How much more in interest will Michael pay if his loan term is 5 years and Josh’s loan term is 3 years?

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amistre64
 one year ago
Best ResponseYou've already chosen the best response.0well, how can we calculate total interest paid on a loan?

Here_to_Help15
 one year ago
Best ResponseYou've already chosen the best response.0Ok so lets take this down and @amistre64 please correct me if im off track

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0im not sure what 'take this down' refers to. And posting non relevant content on a session is considered spam.

Here_to_Help15
 one year ago
Best ResponseYou've already chosen the best response.0As in take it down step by step .

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0that we can do the first step is knowing what we pay for when we pay off a loan ....

Here_to_Help15
 one year ago
Best ResponseYou've already chosen the best response.0But nevermind looks like you can handle it after all its what your here for

amistre64
 one year ago
Best ResponseYou've already chosen the best response.0consider that paying off a loan has 2 aspects to it, the original amount, and the interest. so what do the total payments add up to?
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