The simplest way to think of this is to treat the problem as if $4,506.23 is the amount owed (since technically it is). The difference of $1,931.24 is the total interest that you would pay over 32.19 months (to get annual % divide by 12). So your T = 2.69, Your P = 4,506.23, and your I = $1,931.24.
The formula is I=Prt, so 1,931.24 = 4,506.23*r*2.69.
When you solve it you get .16 or 16% interest.
I think you'd do better to pay it off now if you can.
The formula is I=Prt, so 1,931.24 = 4,506.23*r*2.69.
When you solve it you get .16 or 16% interest.
I think you'd do better to pay it off now if you can.