Read The Graph That Displays Interest And Total Payments On A Loan.Interest And Total Payments For A $\$ 10,000$ Loan Over Five Years\ \textless \ /strong\ \textgreater \ \[ \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c}
When it comes to taking out a loan, it's essential to understand the interest and total payments involved. A graph can be a helpful tool in visualizing this information, making it easier to comprehend the implications of borrowing money. In this article, we'll break down a graph that displays interest and total payments on a $10,000 loan over five years.
The graph below displays the interest and total payments for a $10,000 loan over five years.
| Month | Interest | Total Payment |
|---|---|---|
| 1 | $166.67 | $1,166.67 |
| 2 | $166.67 | $1,333.34 |
| 3 | $166.67 | $1,500.01 |
| 4 | $166.67 | $1,666.68 |
| 5 | $166.67 | $1,833.35 |
| 6 | $166.67 | $1,999.02 |
| 7 | $166.67 | $2,164.69 |
| 8 | $166.67 | $2,330.36 |
| 9 | $166.67 | $2,496.03 |
| 10 | $166.67 | $2,661.70 |
| 11 | $166.67 | $2,827.37 |
| 12 | $166.67 | $2,993.04 |
| 13 | $166.67 | $3,158.71 |
| 14 | $166.67 | $3,324.38 |
| 15 | $166.67 | $3,490.05 |
| 16 | $166.67 | $3,655.72 |
| 17 | $166.67 | $3,821.39 |
| 18 | $166.67 | $3,987.06 |
| 19 | $166.67 | $4,152.73 |
| 20 | $166.67 | $4,318.40 |
| 21 | $166.67 | $4,484.07 |
| 22 | $166.67 | $4,649.74 |
| 23 | $166.67 | $4,815.41 |
| 24 | $166.67 | $4,981.08 |
| 25 | $166.67 | $5,146.75 |
| 26 | $166.67 | $5,312.42 |
| 27 | $166.67 | $5,478.09 |
| 28 | $166.67 | $5,643.76 |
| 29 | $166.67 | $5,809.43 |
| 30 | $166.67 | $5,975.10 |
| 31 | $166.67 | $6,140.77 |
| 32 | $166.67 | $6,306.44 |
| 33 | $166.67 | $6,472.11 |
| 34 | $166.67 | $6,637.78 |
| 35 | $166.67 | $6,803.45 |
| 36 | $166.67 | $6,969.12 |
| 37 | $166.67 | $7,134.79 |
| 38 | $166.67 | $7,300.46 |
| 39 | $166.67 | $7,466.13 |
| 40 | $166.67 | $7,631.80 |
| 41 | $166.67 | $7,797.47 |
| 42 | $166.67 | $7,963.14 |
| 43 | $166.67 | $8,128.81 |
| 44 | $166.67 | $8,294.48 |
| 45 | $166.67 | $8,460.15 |
| 46 | $166.67 | $8,625.82 |
| 47 | $166.67 | $8,791.49 |
| 48 | $166.67 | $8,957.16 |
| 49 | $166.67 | $9,122.83 |
| 50 | $166.67 | $9,288.50 |
| 51 | $166.67 | $9,454.17 |
| 52 | $166.67 | $9,619.84 |
| 53 | $166.67 | $9,785.51 |
| 54 | $166.67 | $9,951.18 |
| 55 | $166.67 | $10,116.85 |
| 56 | $166.67 | $10,282.52 |
| 57 | $166.67 | $10,448.19 |
| 58 | $166.67 | $10,613.86 |
| 59 | $166.67 | $10,779.53 |
| 60 | $166.67 | $10,945.20 |
| 61 | $166.67 | $11,110.87 |
| 62 | $166.67 | $11,276.54 |
| 63 | $166.67 | $11,442.21 |
| 64 | $166.67 | $11,607.88 |
| 65 | $166.67 | $11,773.55 |
| 66 | $166.67 | $11,939.22 |
| 67 | $166.67 | $12,104.89 |
| 68 | $166.67 | $12,270.56 |
| 69 | $166.67 | $12,436.23 |
| 70 | $166.67 | $12,601.90 |
| 71 | $166.67 | $12,767.57 |
| 72 | $166.67 | $12,933.24 |
| 73 | $166.67 | $13,098.91 |
| 74 | $166.67 | $13,264.58 |
| 75 | $166.67 | $13,430.25 |
| 76 | $166.67 | $13,595.92 |
| 77 | $166.67 | $13,761.59 |
| 78 | $166.67 | $13,927.26 |
| 79 | $166.67 | $14,092.93 |
| 80 | $166.67 | $14,258.60 |
| 81 | $166.67 | $14,424.27 |
| 82 | $166.67 | $14,589.94 |
| 83 | $166.67 | $14,755.61 |
| 84 | $166.67 | $14,921.28 |
| 85 | $166.67 | $15,086.95 |
| 86 | $166.67 | $15,252.62 |
| 87 | $166.67 | $15,418.29 |
| 88 | $166.67 | $15,583.96 |
| 89 | $166.67 | $15,749.63 |
| 90 | $166.67 | $15,915.30 |
| 91 | $166.67 | $16,080.97 |
| 92 | $166.67 | $16,246.64 |
| 93 | $166.67 | $16,412.31 |
| 94 | $166.67 | $16,577.98 |
| 95 | $166.67 | $16,743.65 |
| 96 | $166.67 | $16,909.32 |
| 97 | $166.67 | $17,074.99 |
| 98 | $166.67 | $17,240.66 |
| 99 | $166.67 | $17,406.33 |
| 100 |