Finance - loan payment
What is the monthly payment on a €10,000 loan at 9% for 30 years?
Answer
€80.46
/ month
Standard amortization formula on €10,000 @ 9% / 30y
How we got there
- 01Loan amount: €10,000
- 02Monthly payment: €80.46
- 03Total paid over 30 years: €28,966.41
- 04Total interest: €18,966.41
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