Onsider a 30-year 182000 loan made at 600 apr if the loan, Ask an Expert

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onsider a 30-year, $182,000 loan made at 6.00% APR. If the loan is an installment loan with monthly payments, what will the monthly payment be? Assuming all loans are made on time, in full, how much of the 74th payment will go to paying down interest?

If you added $800 to your 4th payment, when would you pay your loan off (assuming all other payments made regularly) and what would be the total amount due on your last payment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92399162

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