Assume 4 loans (Balance @ p.a. interest):
$10,000 @ 5.5%
$5,500 @ 7.25%
$2,000 @ 5.5%
$1,000 @ 4.5%
If I am looking to pay $7,250 towards principal only, how would I calculate the amount of money to pay towards each loan such that it would leave me with the lowest possible accrued interest next month?