23,000 in deat at 18% intrest how mich am paying a year. what if I drop to 5% how much will I save?


Question:


Answers:
You'll save about $3000..
if i have this correct, (i hope i dont look stupid)

23,000 x 18% = 4140 per year.

if u drop 5% to make 13% interest, its

23,000 x 13% = 2990

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