Car Loan Payoff Help
Car Loan Payoff Help Hello, So I’m kinda confused with my car loan. So my principal and interest amount is $470.59 and I’m paying $500 a month. I owe $24,303 right now. Every month I pay $500 but the loan only drops about $300. So, for example, when I pay $500 again, it’ll probably drop to $24,000 instead of $23,800. Can you explain that to me please.
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