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Debit interest on loan
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βˆ™ 10y ago
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Q: What is the journal entry to pay the interest on a loan?
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Does a secured loan has a interest pay back?

Interest-yes.


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How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years if Patty Is Taking Out A Simple Interest Loan To Buy Her New 10689 Car.?

She could have to pay $1924.02 in interest.


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An unsecured loan is risky for many reasons. You may pay more interest, or if it is with someone you know maybe no interest. Read the terms and conditions you agreed to.


Patty is taking out a simple interest loan to buy her new 10689 car. How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years?

She could have to pay $1924.02 in interest.


If Patty is taking out a simple interest loan to buy her new 10689 car. How much would she pay in interest if the rate is 4.5 and she pays the loan off in 4 years?

She could have to pay $1924.02 in interest.


If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years?

She will pay $1,924.02 in interest.