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Loan Payback to Uncle Confuses Me

I owe my uncle $4,000 with 26% APR. I have been paying $250 a month for 19 months, so how much more do I have to pay to finish this balance? I dont know how much I paid with 26% APR.


A $4,000 loan at 26% interest and payments of $250 per month should be paid off in 20 months. At this point, you should have roughly $210.34 left owing.

Published on BankingQuestions.com 11/14/08