onsider a 30-year, $182,000 loan made at 6.00% APR. If the loan is an installment loan with monthly payments, what will the monthly payment be? Assuming all loans are made on time, in full, how much of the 74th payment will go to paying down interest?
If you added $800 to your 4th payment, when would you pay your loan off (assuming all other payments made regularly) and what would be the total amount due on your last payment.