Loan is $13,500 at 10.24% interest 4 year loan
Made my first payment of $344
Now loan is at $13,306 (remaining balance) with interest paid ytd $151
I was under the impression that a 10% loan costs $3,500 split over 48 months. What I paid is going to cost me twice that!
Thanks for any thoughts on this. Will clarify things if/as needed.
Edit: thanks for the quick responses. This does make more sense now.
Submitted June 29, 2018 at 05:13AM by ocireforever https://ift.tt/2lFVkRd
