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That's not enough information to figure it out. The loan 'period' also makes

a big difference.

If it's a 5-year loan, then the payment will be somewhere around 225,

and the whole thing will cost you about 3,500 for the temporary use

of the money (in addition to paying back the 10,000).

If it's a 30-year loan, then the payment will be somewhere around 103,

and the whole thing will cost you about 27,000 for the temporary use

of the money (in addition to paying back the 10,000).

It really makes a big difference, how long you take to pay it back.

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11y ago
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Q: What would be the payment per month on ten thousand dollars at 12 percent interest?
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