How much interest is paid on a 52000 loan if the monthly payments are 450.23 for w years?

To calculate the total interest paid on a $52,000 loan with monthly payments of $450.23 over a certain number of years (w), first determine the total amount paid by multiplying the monthly payment by the total number of payments (12 months × w years). Then, subtract the original loan amount from this total to find the interest paid. The formula is: Total Interest = (450.23 × 12 × w) - 52,000. You would need to specify the duration (w) to calculate the exact interest amount.