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Depends on term an interest rate

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12y ago

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What would payments be on 4200. at 20.45?

To calculate the payments on a loan of $4,200 at an interest rate of 20.45%, you would need to know the loan term and whether the interest is simple or compounded. Assuming it's an installment loan with a fixed term, you can use a loan calculator or formula to determine the monthly payment. For a specific example, if the loan term is 12 months, the monthly payments would be approximately $426.65. Please provide the loan term for a more accurate calculation.


Would a loan calculator really help figure out how much loan payments would be and how?

Loan calculators can help as long as you know how much the interest rate is. Most of them are set up in way so that you can enter the time frame of the loan and the interest rate and that will give you what the monthly payments will be.


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