The College Loan Payoff Formula

After 63 years of paying off my student loans, I have barely made a dent.

I created a formula to help people in similar situations grapple with this mathematical phenomenon:

P=principle

r=interest

n=loan period

Total loan repayment=[( P × r × (1+r)n ) / ((1+r)n − 1)] x n=

The bird gets it.