0
What else can I help you with?
If you were to borrow twenty-five thousand dollars at a 10 percent interest for 36 months what would be your monthly payment?
763.89
Anika magerhans would like to borrow 2000.00 for 60 days the bank charges ordinary interest of 30.00 what is the interest rate charged?
Well assuming it is compounded monthly then the total interest rate charged will be 3.765%. The total interest paid will be $75.30. There will be two payments of $1037.65.
You have 50000 for down-payment and you want to borrow 250000 from bank.current mortgage interest rate is 6 percent . If you equal monthly payments for 15 years how much will monthly mortgage be?
An amortization table would give you the answer. If this is a real life situation and you are in the US you would be getting screwed at this rate of interest.
If you borrow 1000 at 7.5 percent interest for 12 months ch interest will you pay?
14
Borrow 25000 and make monthly payments of 497.98 for five years what is the interest rate?
3.5
How do you understan borrowing in math?
Borrowing is the act of taking with intentions of returning it. If you borrow money, most people will charge interest on the money. Most banks charge interest yearly, sometimes monthly. The interest depends on who or where you borrow the money from.
How much interest if you borrow 2000 at a rate of 6 percent for 2 years?
if its simple interest: I = prt = 240 the total money to be returned is 2240
What does Compounded semi annually mean?
Compounded semi-annually means that interest on an investment or loan is calculated and added to the principal amount twice a year. This process allows the interest to earn interest, leading to a faster accumulation of wealth or increased debt over time. For example, if you invest or borrow money with a semi-annual compounding frequency, the interest for the first six months is added to the principal, and the total becomes the new principal for calculating interest in the next six months.
Calculator hp How much will 600.00 per month for 30 yrs.at 4.5 percent can you borrow?
Let "q" be your monthly payment (600), N be the time length of the loan in MONTHS (360) and "i" be your monthly interest rate. This last number is a little tricky and depends on exactly what is meant by 4.5% interest. I assumed they charged interest every month on your balance so after a year it was 4.5% . Then i = .00367. The formula is then: P = (q/i)[((1+i)^N) - 1]/(1+i)^N = (600/.00367)[((1.00367)^360) - 1]/(1.00367)^360 = 163488[3.7389 - 1]/3.7389 = $119,762 the amount you can borrow.
What is the percent per month they can charge in interest?
Whatever they want to charge. The only legal requirement is that they have tomake sure that you know the interest rate before you borrow the money.
What is the the price paid to borrow money called?
The price paid to borrow money is called interest. It is usually expressed as a percentage of the amount borrowed, known as the principal, and can be calculated on a periodic basis, such as annually or monthly. Interest compensates the lender for the risk of lending and the opportunity cost of not using the money for other purposes.
If you borrow rs 1200 on simple interest of 15 percent then the amount after 10 years will be?
For simple interest, just multiply the capital times the interest (converted to a decimal, that is, percentage / 100) times the number of years.
