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Q: If you buy a paddle boat for 840 with 20 percent and pay the rest in 6 months installments how much would that be?
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A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?

The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12


What would your payment be at 15000.00 at 9 percent for 60 months?

$311.38/month


How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?

21.28


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


How much interest would you earn in six months on an account that pays 6.5 percent simple interest on 654.89?

21.28

Related questions

A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?

The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12


How would you put the paddle of the boy in correct writing using a possessive noun?

The possessive form for 'the paddle of the boy' is 'the boy's paddle'.


What would your payment be at 15000.00 at 9 percent for 60 months?

$311.38/month


Who designed the first paddle boat?

Ithinkyou may mean paddle steamer as anyboatthat uses a paddle (like a canoe) would qualify as a paddle boat and that would not be specifically answerable.The Palmipède, created by the marquis Claude Du Jouffroy was the first ever paddle steamer and infact the first ever steam powered boat that worked properly.


Where can one find information about how to play paddle tennis?

There are several places where someone could find information about how to play paddle tennis. Libraries and bookstores would have books about how to play paddle tennis.


If Hudson Inc borrows 500000 on a 10 percent add on basis payable in 12 equal end of month installments how large would the monthly payments be?

45833.33 (recurring). In order to get round the recurring decimal, you would require8 payments of 45833.33 and 4 of 45833.34


How many months will it take at 8 percent simple interest for 200 to grow to 2400?

At 8% per year, it would take 138 years, so that is 1656 months. If it was 8% per month, it would be 138 months.


How much simple interest would Kaitlyn earn on 300 at 6 percent for 6 months?

54


What would be the interest on 231700 at 3 percent per annum for 5 years and 7 months?

It is 41575.40


What is the finance charge that you would pay if you borrowed 100 for 18 months at an APR of 9 percent?

13.5


How will SSI pay you back 9000 they owe you?

My son (dependent child) was owed around that amount. They have given him 2 installments of around $1800 spaced six months apart and I was told that the remaining balance would be paid as the third installment..


How much interest would you earn if you deposited 300 at 6 percent for 27 months?

£43.25 on top of the £300