Issue by Tiffany P: Credit card debt Consolidation?
How a lot would a personal debt consolidation financial loan for about $ 55,000 (Canadian) cost a month to repay above a 5 calendar year period??
Greatest solution:
Remedy by zener_drake_42
You would need to know the APR to figure out the remedy.
The parameters for a loan are:
Equilibrium/Quantity
Interest Rate/APR
Expression
Regular monthly payment
If you know three of these, the final can be calculated with a loan calculator device.
What do you consider? Solution under!
Source: http://finance101now.com/2011/09/qa-personal-debt-consolidation/
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