Creditor Balance Interest Rate Payment Great Lakes $55,000 6.5% $625 Capital One $25,000 8.25% $442 American Express $2,500 17% $50 Capital One $5,000 29% $175 Chase $4,200 22% $100 Discover $2,100 8% $25 Nate has been offered a Debt Consolidation Loan of $14,000 with a 11% interest rate that will be paid back over 5 years. How would this change Nate's Debt Payoff Timeline and Total Interest Paid?

Answer rating: 100% (QA)

Sure lets calculate Nates current total debt monthly payments and total interest paid without the co... View the full answer