A loan of with payments per year and total payments is financed at %. Calculate the interest approximation using the Generate Practice Problem Method Practice Problem

Enter 4 values and choose a method

<-- m
<-- n
<-- l
<-- APR
       

---

The following practice problem has been generated for you:
A loan of 1554 with 12 payments per year and 25 total payments is financed at 2%. Calculate the interest approximation using one of the 4 methods below

• Maximum Method
• Minimum Method
• Direct Ratio Method
• Constant Ratio Method