The bank loans 6000 at 12% interest for 6 months.find the total amount due on the loan?



Answers:
Are you making monthly payments, or paying in a lump sum after 6 months? The answer to that changes the answer to you question. If you pay make a single payment, the total is $6360. Monthly payments will reduce the total. Search for "loan calculator" and you should find many sites that will do all the math for you.
$10,320
depends on how the interest is calculated. bankrate.com has great calculators
6360
$6211.74 would be the total paid back. The monthly payments would be $1035.29 per month for 6 months.
Hello,
I am Mr Cobbs James, the owner of Cobbs Loan Investment and Estate. I am a lender who gives out loans to those business and private people with low rates of 5%. I give Collateral and Non Collateral loans with a range amount of $5,000USD to $5,000,000USD. If you want a loan and you
have a bad credit, no problem contact me on cobbslenders@yahoo.com for more informations about my loan and also filling the loan
application form below.
Your names .........
Your country........
Your address .........
Your occupation ........
Your marital status .......
Current Status at place of work...
Phone number.........
Monthly Income.........
Amount Needed.........
Next Of Kin.........
Purpose of Loan........
Pay Back Duration......
Await your response
James Cobbs

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