If I loan 14,000 dollars and make a monthly payment of 150 dollars at 10 percent interest rate ..
what is my balance at the end of 59 months
Your best bet would be to find an online loan amortization calculator, there are tons of free ones in Google.
An Amortization Calculator helps break down each payment over the course of the loan, showing how much is going towards interest and how much is going towards the principal.
Then, you can play with things like adding an extra payment or paying a little extra, to see what type of effect it has on your loan total.
Actually, the online real estate calculator I developed does that quite easily. According to your request the original loan is $14,000 at 10% for 15 years. The balance after 59 payments is $11,500 (rounded up to the nearest hundred).
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