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Q: How much interest is paid on a 20k loan after one year at 8 percent?

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The interest rate is given in the question. It is 3.5%.The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.

558,92

365$ give or take :)

237.5

missing word

141000

141,000

Monthly Payment: $27.90Total Paid on Loan: $1,171.70Total Paid in Interest:$ 222.70

The interest paid annually is 700*5/100 = 35

63 dollars

A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.

110,082.80

To determine how much interest you would pay for any type of loan, you need to know how long you will be repaying the loan (e.g. 48 months, 72 months) and/or how much you will be repaying each month. For a loan of $8,500 with 11% interest, you would pay $2319.11 in interest if you paid $200 per month. But if you paid $400 per month, you would only pay $997.62 in interest. To calculate other repayments, see the link under "related links" for Bankrate's interest calculator.

An amortized loan is just a basic loan where the principal and interest are paid on a monthly basis. Usually, the majority of the interest is paid first, then the principal.

18x1000.00 + when the loan has to paid back by.

The advantages of an amortization loan is that there is much less of a credit risk and there is also much less of an interest rate risk because the loan is paid quicker so there is less effect from the interest rate.

110,082.80

110082.80

Total interest paid in 5 years = 5*16000*0.09 = 7200

it is when interest is paid in advance at the beginning of the loan term on a discount loan

Yes, an auto loan calculator calculates all the aspects of what you would pay when you take out an auto loan. It includes the interest and will give you a good idea of how much would be paid overall on the loan.

You can't. In order to make the calculation you need to know the amount of the loan, the interest rate, and the length of the amortization period. You're missing the amount of the loan.

5% interest rate has the multiplier of 1.05 per year. 600 x 1.05^2 = 661.50 interest paid =661.50 - 600 = 61.50

less interest paid...

Explicit interest is the amount of money that is paid on a loan. This means that it is a fixed amount of interest.