English Major needs help figuring interest

slayer

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Joined
Feb 20, 2009
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I have one account principal is 9580.39 annual interest rate is 8.02 no payments interest needs to be figured from dec 2007 to feb 2008
the second one is 4348.08 annaul interst rate is 8.02 no payments made interest needs to be calucated from august 2007 to feb 2008

what is the amount of interest for each and total thanks math makes my head hurt i appreaciate ya'll
 
You're not providing enough information; like, from Dec 1, or Dec 15, or Dec 31 ?

Anyhow, interest on 9580.39 for a month (1/12 of a year) at 8.02% = 9580.39 * .0802 / 12

Now go pay off your accounts :shock:
 
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