Asked by Susan

$10,000.00 loan at 8% to be paid in full in 88 months. How much interest would be due at the payoff of the loan?

13 years ago

Answered by Ms. Sue

I = PRT

I = 10,000 * 0.08 * 7.333

13 years ago

Answered by Susan

Thanks much!

13 years ago

Answered by Ms. Sue

You're welcome.

13 years ago

Answers