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31 July, 00:43

What is the total interest on a 10 year 6.1% loan with a principle of 32,000

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  1. 31 July, 02:00
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    F = 32,000 (1 + 0.061*10)

    F = 51,520

    That makes the total interest equal 51,520 - 32,000 = 19, 520.
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