Sunday, December 4, 2011

What is interest rate and how much will the interest payment reduce?

if i have a 1.4mill$ loan and pay 365$ per DAY interest what is interest rate and if i changed the loan to $1,196,000 how much interest will i then be paying per day?|||the amount you pay and the size of the loan is totally irrelevant to the interest rate.





The interest rate is decided by the lender.

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