How would you find the total finance cost on a loan? and Partnerships for Financing Sanitation Services in Poor Urban Areas, K22/K23_5

How would you find the total finance cost on a loan?

For example, if Joe was purchasing something for 15000. Joe is making a 1000 down payment and is making 30 monthly payments of $ 270 each, how would you find the total finance cost on this loan?


Finance best answer:

Answer by denissnowy
30 X 270 = 8100
down payment 1000

Total cost 9100

lets say the cash cost was 7000
cost of finance 9100 - 7000

Finance

Partnerships for Financing Sanitation Services in Poor Urban Areas, K22/K23_5


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2013 World Water Week.

Wednesday, September 4.

Partnerships for Financing Sanitation Services in Poor Urban Areas, K22/K23.

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