SOLUTION: i owe 8,000 on student loan. My interset rate is 4.5 % I pay 125 a month. usually 95 goes to principle and the other 30 goes to interest. I want to know if this is correct?

SOLUTION: i owe 8,000 on student loan. My interset rate is 4.5 % I pay 125 a month. usually 95 goes to principle and the other 30 goes to interest. I want to know if this is correct?

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Question 230176: i owe 8,000 on student loan. My interset rate is 4.5 % I pay 125 a month. usually 95 goes to principle and the other 30 goes to interest. I want to know if this is correct?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
That sounds about right, you can check the interest/principal value for each month
on this website. Calculate, then click "show amortization table
www.bankrate.com/calculators/mortgages/loan-calculator.aspx
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