How much are monthly payments on a $6000 dollar loan?
To give the exact answer for this we need to know not only that the loan is for $6,000, but how long the term of the loan is, as well as the interest rate you're paying.
As an example, a $6,000 loan over a term of 5 years, at an interest rate of 8% would mean the payments would be $121.66 each month (which means you'd pay $1,299 in interest for a total payback of $7,299.50)
If the interest rate was 3%, over the same term, then the payments would be $107.81 (which means you'd pay $468.73 in interest for a total payback of $6,468.73).
Since the Federal Reserve has kept interest rates low since 2008, the average 30year mortgage rate has been around 3.3% (which if used in your example would mean monthly payments of $26.28 with interest costing $3,459.83, meaning you'd pay $9,459.83 back for that $6,000 loan).
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A company took out a 18,000 loan on June 1 at 4%simple interest for50days.On June 21 the comp made a partial payment of 6000...@ end of loan