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How many years will it take to pay 2000.00 with 18 percent interest on 2 percent minimum payment?
Wiki User
∙ 11y ago
It is possible for the sum to never be paid back.
Wiki User
∙ 11y ago
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What is 5 percent of 200000.00?
5% of 200000 = 0.05 x 200000= 10000
What is forty percent of 500000?
200000
What percent of 311591517 is 200000?
623,183,034,000
What is 56 percent of 20000?
11200=0.56*200000
How much would 200000 invested at 5 percent interest compounded monthly be?
If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
What is the true annual interest rate on a 20 year 200000 loan with an annual payment of 41067?
310.5%
What is 5 percent out of 200000?
5% of 200000 = 5% * 200000 = 0.05 * 200000 = 10,000
What is 6 percent of 200000?
6% of 200,000= 6% * 200000= 0.06 * 200000= 12,000
What is the different between'Constant-amortized mortgage 'Constant-payment mortgage?
A constant payment mortgage (CPM) is what one would see as the standard or normal type of repayment system. Payments are equal (usually monthly), and the amortization of the loan is really slow. During the most of the repayment term, you will be paying mostly interest, and only a little bit of the principle. Example: $200000, for 30 years = 360 payments, at 6.% = .5% monthly interest rate (holding everything else constant) If we wanted to find the monthly payment we would do the following: 200000 = C(((1-(1/1.005^360))/.005) where C is equal to the monthly payment C = 200000/(((1-(1/1.005^360))/.005) C = $1199.10 A constant amortization mortgage (CAM) is different from the CPM in that it pays a constant amortization. The payments will start off larger in the beginning but will decrease as time passes because the amount of interest paid decreases. Example: Using the same loan as above... 200000, 30 years, 6% Finding the monthly payment takes two steps: the principle and the interest. The amount of principle paid will always be 2000000/360 = 555.56 for every single payment. The interest is determined by the remaining balance of the loan. This first payment still has $200000 left on the loan so the interest will be 200000 * .005 = 1000. The total payment for month 1 is 555.56 + 1000 = $1555.56 The second payment will have the remaining balance at 200000 - 555.56 = 199444.44 so the amount of interest paid for this second payment will be a little less. 199444.44 * .005 = $997.22
What is 40 percent of 200000?
40% of 200000 = 200000*40/100 = 80000
What is the percent of 200000 out of 1000000000?
200000/1000000000 = .02%.
What is 3.75 percent of 200000?
3.75% of 200000 = 7,500
What is interest of rs 200000 at the rate of 11.5 percent per annum for 3 years?
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
What is 5 percent of 200000?
5% of 200,000= 5% * 200000= 0.05 * 200000= 10,000
What is 30 percent of 200000?
30% of 200,000= 30% * 200000= 0.3 * 200000= 60,000
What is 200000 divided by 15 percent?
13333.3333
What is 95 percent of 200000?
95% of 200,000= 95% * 200000= 0.95 * 200000= 190,000
