What is another word for total interest payments?
Pronunciation: [tˈə͡ʊtə͡l ˈɪntɹəst pˈe͡ɪmənts] (IPA) 
Total interest payments refer to the amount of money paid over the life of a loan in addition to the principal amount borrowed. Some synonyms for total interest payments include total cost, interest expense, finance charges, and interest fees. These terms are often used interchangeably in financial contexts to refer to the extra amount of money paid over time due to borrowing money. It is important to understand the total interest payments associated with a loan in order to make informed financial decisions and manage one's debt effectively. Accurately calculating total interest payments can also reveal the true cost of borrowing, helping to inform future borrowing decisions.
