Fed Financial
HOW DOES INTREST rate on private student loan work???
I was approved for a $5000 for 2years at 11% for a private student loan at chase, how much would i owe after the two years. WHere should i take out a loan The only reason i am not getting a federal loan is because it take too long, and i need the money fast
Public Comments
- I = p x r x t I = 5000 x .11 x 2 I = 1100 Total owed after 2 years = $ 6100
