Simple Repayment Costs at 6.8 Percent Interest

Total Indebtedness Number of Payments Monthly Payment Total Interest
$4,000 107 $50.00 $1,344.00
$8,000 120 $92.00 $3.048.00
$10,000 120 $115.00 $3,810.00
$20,000 120 $230.00 $7,619.00
$40,000 120 $460.00 $16,079.00