College Planning for Adults
I=Prt Interest = P (Principle or actual amount borrowed) x r (rate or the amount of time borrowed) x t (time or the number of years) I = $6000 x 3.67%x 20 years Interest = $4404.00 Over a 20 year period you will pay the bank $10,404.00 not $6000. Click here to use a financial […]