Finance - loan payment
What is the monthly payment on a €50,000 loan at 3% for 30 years?
Answer
€210.80
/ month
Standard amortization formula on €50,000 @ 3% / 30y
How we got there
- 01Loan amount: €50,000
- 02Monthly payment: €210.80
- 03Total paid over 30 years: €75,888.73
- 04Total interest: €25,888.73
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