SOLUTION: Jerry�s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. How much did Jerry pay in interest?

Question 1063166: Jerry�s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. How much did Jerry pay in interest?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Find the total number of payments,

.
.
Total=Principal+Interest
.
.

.
.
$1040.00

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