You purchase a car using a 20,000 loan with a 5% interest rate suppose you pay the loan off after 4 years how much interest do y

Question

3 years ago

6

ou pay on your loan suppose you pay the loan off after 2 years how much interest do you save by paying the loan off sooner

2 answers:

Andreas93 [3] · Answer 1 · 2022-05-14T18:15:21+03:00

5 0

In 4 years you pay interest of 4000 and if you finish pay the loan in two years you pay only 2000

Alex787 [66] · Answer 2 · 2022-05-14T15:56:46+03:00

3 0

In 4 years you pay interest of 4000 and if you finish pay the loan in two years you pay only 2000