I need this now please.

Simple interest is calculated on loans or investments when the fee or cost of using that money is included when the investment is paid off in one lump sum. The calculation of this interest is based on a very well-known formula. In the Discussion Board for this unit, you will have the opportunity to get creative.

Simple Interest

The simple interest formula isI = Prt (Interest = Principal * rate * time).This is one way that interest is calculated on a loan or investment.

1) I brought my first home and replaced almost everything inside of the home. Went to the furniture store and picked out a bedroom set, Living room set with rug and bar stools. Not only did I get that I also added delievery with it and got 2 new TV's. So the guy tells me to fill out my information but at the time he telling me that its a 0 interest till 2020. The loan company came back and said they will give me a $20, 0000 with a 0 interest but with a monthly min payment of $67 dollars a month. How much is the interest if this not paid in full by Jan 2020?

2) I want a fifth-wheel travel trailer really bad but am curious of how much interest I would have to pay on it being such a high interest rate on a toy. The camper I found is selling for $65,000, at 13.5% and they will finance it over 12 years. So how much will I end up paying for this toy if I end up buying it after interest?

3) I want a fifth-wheel travel trailer really bad but am curious of how much interest I would have to pay on it being such a high interest rate on a toy. The camper I found is selling for $65,000, at 13.5% and they will finance it over 12 years. So how much will I end up paying for this toy if I end up buying it after interest?