Description : What does 6.8% interest actually mean?
Last Answer : answer:If you didn't pay a dime of the original $2000 for three years, then by the time you start paying it back, you'll actually owe $2,436 (2000 1.068 to the third power). The interest applies to ... to pay down the debt, but the private ones will want you to take as long as possible to do so.