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March 17th, 2011, 05:36 PM   #1
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Grad Loans

I have 3 grad school loans. I am trying to determine two different payment options, a 1 year plan and a 2 year plan. 1 year -- how much will we need to pay monthly in order to completely pay off the loans in 1 year? 2 years -- how much will we need to pay monthly in order to completely pay off the loans in 2 years? Your help is much appreciated!

Principal Interest 1 yr Plan 2 yr Plan
4602.85 5.75%
7012.76 3.75%
26,167.00 6.55%
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