20,000 loan with 8%interest. and payments of 405.00 monthly, what goes to principal

Question

how to i calculate this problem

Answer 1

borro 20,000$ at 8%, paement=405$/month

1 month interest=20000*0.08/12

=133.33$

so 405-133.33 go tu pae down balans...

after 1 month, yu o 19,866.67$

At that rate yu pae off lone in 61 months...5 yr+1 mon

Answer 2

first paement...271.67$ go tu kut down yer debt

Answer 3

loan made in March of 2006 of $22,500 at 4% simple interest and monthly payments of 175.00. Need amortization schedule to see where I am and how long I will be paying.