How can I calculate my minimum monthly student loan payment?
Im having to do this for my finance project, and so Im unsure of how to do this. I dont want to use one of those student loan calculators on the web because Im required to write it out by hand. I will owe $37500 at graduation at an interest rate of 6.8% and the time period is 15 years.
It also says if i make an extra $80 per month, how much does that reduce the time?
Thanks!
Useful information at http://www.freearticlesdb.com/finance/personal-loans-you-can-get.html
