term loans
Question
How do i calculate the payoff on a loan?
How do i calculate a payoff for a specific month? I want to pay it off in February of 2010, they are saying i'd owe about 15-1600 but that was her guess, she couldn't be sure right now since it's 3 months away. i figured it out to be around 1100. the apr is 25.66 and the total i will pay if i ride out the term of the loan (30 months) is 3599. Can anyone tell me how to figure this out?
3 weeks ago - -1 answers
Best Answer
Chosen by Asker
Use an amort schedule on excel. You can also go to bankrate.com they have calculators
by Gamma Ray
3 weeks ago
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