loan amount $84000$

loan fee $3500$

amount that will be disburse $80500$

loan amount $84000$

montly interest $(6/12)\%0\mathrm{.}5$

number of months of payment $360$

monthly payment $$503\mathrm{.}62$

amount actually received $80500$

number of months of payment $360$

montly payment $503\mathrm{.}62$

annual percentage rate $0\mathrm{.}064016646$

if loan is paid in $5$ years $60$

FV of Loan $$113,303\mathrm{.}41$

FV of monthly payments $$35,137\mathrm{.}58$

loan balance at the end of $5$ years $$78,165\mathrm{.}83$

amount actually received $80,500$

number of months of payment $60$

montly payment $503\mathrm{.}62$

payment at end of $5$ years $78,165\mathrm{.}83$

monthly interest rate

effective annual interest

amount of penalty $1563\mathrm{.}3166$

total payment after $8$ years $79,729\mathrm{.}15$

montly interest rate

effective annual interest