anand bhau took a house loan on 2,50,000 from a bank at 10 p.c.p.a 45 year for 5 year. what is the yearly interest he must pay and the total amount he returns to the bank

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Answer:Calculate:

Payment

Amount

Loan amount:*Enter an amount between $0 and $100,000,000?

$20,000

Monthly payment:?

$401

Interest rate:*Enter an amount between 0% and 25%?

7.5%

Term in months:*Enter an amount between 1 and 480?

60

Total interest paid:$4,045.51

Total payments:$24,045.51

Balances for a $20,000 loan

Balances for a $20,000 loan

Balances for a $20,000 loan

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