I have a loan that I make payments of 200.00 every month & has a 15.99 interest. How do I figure out how long it will take me to pay it off?
To figure how long it will take you to pay off the loan, you have to calculate the rate of the interest rate against the amount borrowed. You can also use the pay off calculator on calcxmal.com.
Depends on type of loan and how the interest is compounded. Also how much was borrowed.