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

How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?

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.


How much interest will be paid in 1 year for a loan of 2500 at 9 1 2 percent simple interest?

558,92


How much interest will be paid in 2 years for a loan of 1500 at 8.25 percent simple interest?

365$ give or take :)


How much interest will be paid in 1 year for a loan of 2500 at 9 1-2 percent simple interest?

237.5


How much interest will be paid in 1 year for a loan of at simple interest?

missing word


The Carlisles borrowed 94000 to buy their first home The interest rate on their loan was 7.5 percent for 20 years How much interest will they have paid after 20 years?

141000


The clalisles borrowed 94000 to buy their first home the interest rate on their loan was 7.5 percent for 20 years how much interest will they have to paid after 20 years?

141,000


949 at 12.25 percent for 3.5 years?

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


What is the simple interest paid annually for 5 years on a 700 loan at 11 percent per year?

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


How much interest will be paid on 350 if the rate of interest is 18 percent?

63 dollars


A fixed percent of the principal of a loan or investment?

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.


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

110,082.80


How much do you pay for a loan of 8500 at 11 percent?

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.


What is the definition of an amortized loan?

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.


How long will it take to pay of a 1000.00 credit card debt paying 2 percent at 18 percent interest?

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


What are the advantages to an amortization loan?

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.


How much interest is paid on a 52000 loan if the monthly payments are 450.23 for 30 years?

110,082.80


How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years?

110082.80


Wanda took out a personal loan for 16 000 at 9 percent simple interestHow much interest will she pay after 5 years?

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


What is a discounted bank loan?

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


Does an auto loan calculator help you figure out your final amount paid including interest?

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.


How do you calculate 4.75 percent daily interest paid on a home equity loan over 8 years?

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.


How much interest would you pay on a loan of 600 at 5 percent annal rate for two years?

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


What is an advantage of a shorter-term loan?

less interest paid...


What is explicit interest?

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