Posted by sabina on Monday, February 1, 2010 at 9:51am.
Principal plus interest after four months is:
$2000 + (4/12)*(0.1025)*(2000)
= $2068.33
It could be a bit more if monthly interest was being added to prinipal due. There could also have been late payment penalties. A loan that requires no payment for 4 months is unusual.
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