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OpenStudy (anonymous):
OpenStudy (anonymous):
add the principle paid plus the interest paid to get the total paid
OpenStudy (anonymous):
@satellite73 they are asking for the regular monthly payment, how do i find that?
OpenStudy (anonymous):
add
OpenStudy (anonymous):
Add what?
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OpenStudy (anonymous):
any of the two numbers in a row
they should be all the same
OpenStudy (anonymous):
737.19 + 1099.68 for example
OpenStudy (anonymous):
some of the monthly payment goes to interest, some goes to principle
any two numbers in a row should add up to the same number
from your possible answers you can just estimate, because only one is in the right ball park
OpenStudy (anonymous):
so it would be B??
OpenStudy (whpalmer4):
Yes, just as I tried to get you to see when you posted yesterday...
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OpenStudy (anonymous):
yes, B
OpenStudy (whpalmer4):
Monthly payment is bait of the principal and a lot of interest at the strt of the loan, gradually changing to have more and more principal and less interest as the principal balance is paid down. The interest is based on the principal still unpaid.
OpenStudy (whpalmer4):
Bait should be "a bit", thanks auto-correct :-)
OpenStudy (anonymous):
Thank you @whpalmer4 I understand it a lot better now the both of you helped me so much
OpenStudy (whpalmer4):
Glad to hear it!
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