Kacie has a balance of $10,000 on a loan with an annual interest rate of 8%. To pay off the $10,000 in four years, Kacie will have to make a minimum payment of $244.13 per month. How much will Kacie pay in interest over the four year period?
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Home » Mathematics » Kacie has a balance of $10,000 on a loan with an annual interest rate of 8%. To pay off the $10,000 in four years, Kacie will have to make a minimum payment of $244.13 per month. How much will Kacie pay in interest over the four year period?