Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid
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At age 20, if i got a bank loan for $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back to the bank including interest and all?
Also would i be able to to buy a house that only cost anywhere from $180 to $250,000
and use the left over money from the $300,000 bank loan to frunish the house or buy a car?
Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?$1,110,895.11, yes, yes
Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?$336,000 thats very high interest rate....
you should apply to banks that offer less. Like 6.5 or something
good luck
Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?There's an equation to figure out the total, but we have to know how often the interest is compounded (continuously, quarterly, etc.)
Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?Payment $3085.84 per month
Total payback $1,110,895.11
Total Interest paid $810,895.11
You could not borrow 300K against a 250K house. It would have to be secured some other way.
Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?12% is quite high for a home or auto loan. Current car loans are around 6% and home loans fro a 30 year fixed is around 5.79%.
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Bank loan of $300,000 with 12% interest and paid it off in 30 years what would be tottal amount paid back?worry about what you can afford, not how much you pay back.
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