Calculating loan: loan is $6,897, interest is 12.375%, term is 143 months, $25/mo for

nyxx

New member
Joined
Jan 24, 2018
Messages
1
Hi! So here's the problem: The total loan is $6,897.00 and the interest is 12.375%. The loan lasts 143 months. If 25$ are payed every month for the first 24 months, how much would it cost per monthly payment for the rest of the loan (the remaining 119 months).
 
Please read the forum guidelines. This is a tutoring web site. We need you to explain what you already understand about this exercise, followed by showing whatever attempts you've made. Where exactly are you getting stuck? :cool:
 
Top