SOLUTION: How much would be owed on a loan of $1,000.+ simple interest over the past 45 years? Someone borrowed $1,000. 45 years ago and has never paid it back and I am wondering what the t

SOLUTION: How much would be owed on a loan of $1,000.+ simple interest over the past 45 years? Someone borrowed $1,000. 45 years ago and has never paid it back and I am wondering what the t

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Question 647962: How much would be owed on a loan of $1,000.+ simple interest over the past 45 years? Someone borrowed $1,000. 45 years ago and has never paid it back and I am wondering what the total payback would be.
Thank you very much.

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
Need an interest rate?
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