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i have a home loan and it is 20833. i am suppost to pay interest at 5% for approximately 7 years or until paid . How much do i pay a year in interest?
 Mar 10, 2014
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Emellio1:

i have a home loan and it is 20833. i am suppost to pay interest at 5% for approximately 7 years or until paid . How much do i pay a year in interest?



Assuming that no other payments are made then 1 years worth of interest is 0.05*20833
 Mar 10, 2014

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