5000+(24x676.35) is 21232.40. -16500 is 4732.40 saving by just paying off in one go
Note:
That works out to something like 82%interest each month on the unpaid balance !
Multiply the monthly payment you are required to pay by the percentage interest you are paying. This will give you the amount of your loan each month that goes toward interest. Subtract this number from the total monthly payment for your amount of principle.
Amortization tables are used to help customers who have a loan see how the loan is progressing. An amortization table is normally used for mortgages. An amortization table can help you see how much of your monthly payment goes towards the principal of your loan. This type of table can also help you see how much of your monthly payment goes towards the interest that your loan accumulates.The Monthly Payment Column on an Amortization TableThe monthly payment column is the column that shows you how much money you have to pay every month. Most loans feature monthly payments that do not change throughout the length of your loan's term.The Principal Paid Column on an Amortization TableThe principal paid column on an amortization table is the column that tells you how much of your monthly payment goes towards the amount of money that you borrowed and now owe to the lender. At the start of your loan, your principal payments will be pretty small. You make small monthly payments at the beginning of your loan because there is more interest at the start of the loan. Once the amount of money that you owe gets smaller, more of your monthly payment will go to the principal.The Interest Column on an Amortization TableThe interest column shows you how much of your monthly payment is going to the interest that has accumulated on your loan. The amount of interest that is taken out of your monthly payment is higher because most of you owe has not been paid back yet. As your overall balance gets smaller, your monthly interest payments will decrease as well. You can figure out how much of your payment goes to interest by multiplying the interest rate by the loan's outstanding balance.The Balance Column on an Amortization TableThe balance column tells you how much of the loan you still need to pay to your lender. You can determine how much of your loan you still need to pay by subtracting your monthly principal payment from last month's balance.
get the difference of interest rate and monthly periodic payment
the answer is b 24 dollars
It depends on how long you are repaying the 4,000 over. If you are simply paying off the interest with no repayment of capital then 8.6% pa on 4,000 gives 28.67 per month. If you want to repay the 4,000 back over 12 months then the monthly payment will be 349.06
Want to know what our monthly house payment will be owing 217000.00 on a 30 year loan at 4.5%
a monthly periodic payment is a payment made each month at a specific time each month. This can either be a payment made to an individual such as an annuity payment, or a payment made from an individual such as a loan payment.
If you want service you will pay a monthly bill.
Interest and down payment.
Either the monthly payment would have to increase or the period of the loan.
vaginas
Amonthley payment on a house is called a "Mortgage"
Can you make a monthly payment for your child support and not have it garnishment out of your payroll each week
You can use a monthly payment calculator to figure out how your employer determines your monthly 401K deduction. A good site that has a calculator is labpixie.
The PMT function in Excel outputs a monthly loan payment amount.
The PMT function in Excel outputs a monthly loan payment amount.
If the monthly statement is not received, you still need to send in your payment. If you do not have the address, you need to call your creditor to see where the payment should be mailed to.