Tag: my loan care
When you have a loan, how much do you have to pay?
With a $1,000 loan, you will pay $50 a month for the life of the loan.With a 20-year loan, your monthly payment is $250, and with a 30-year, you pay $550.A 40-year interest-only loan is $2,600 a month.But that doesn’t include interest on the principal, which is what the federal government pays for federal loans.Interest […]
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