Can some help me find out the interest of my student loan which is $4,463.12 and interest rate of 7.140%?

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Can some help me find out the interest of my student loan which is $4,463.12 and interest rate of 7.140%?

2006-10-12 06:25:27 · 3 answers · asked by sagittariusgirl19 2 in Business & Finance ➔ Personal Finance

3 answers

Depends on how often the interest is compounded. For the max amount you will pay (if you make all payments on time) you can mutliply $4463.12 by 1.0714. (It's approx $4781.79 so you will be paying $318.67 in interest.)

2006-10-12 06:34:51 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋

Is the interest compounded annually, semi....???

2006-10-12 13:27:30 · answer #2 · answered by Obi-wan Kenobi 4 · 0⤊ 0⤋

Hey, Its $625.86

2006-10-12 13:35:04 · answer #3 · answered by fitnessguru 1 · 0⤊ 0⤋