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Q: What is monthly payment for 20 thousand for 48 months at 8.4243 percent?
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Continue Learning about Math & Arithmetic

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


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

$311.38/month


How many months would it take to save 10300 at 4.2 percent compounded monthly with 110 monthly deposits?

Assuming the annual equivalent interest rate is 4.2%, it will take just over 81 months = 6 years + 9 months.


How do you calculate APR in PHP?

<?php $month = 360; //How many month you have for payment $monthlyPayment = 671.96; //Your monthly payment $moneyBorrowed = 99000; //How much you borrowed $totalPaid = $month * $monthlyPayment; //Number of months * Monthly payment $APRequ = $moneyBorrowed / $totalPaid; //Money Borrowed * Total money paid back $APRMonthly = abs($APRequ-1); //Returns the absolute value of the monthly APR $APR = $APRMonthly * 12; // Monthly APR to get Yearly APR echo $APR; ?>


What is the monthly interest payment on 10000 dollar loan for 3 years at 5 percent interest per month?

Assuming that the loan principal is paid off in equal installments AND the monthly payment is to be kept the same, the average simple interest paid per month for the loan may be computed as follows: $10,000 principal balance at time 0 months $0 principal balance at time 36 months ($10,000 + $0) / 2 = $5,000 average balance $5,000 is average balance throughout the period of the loan $5,000 x 5% per month = approximately $250 per month. However, the amount of REAL interest is different throughout the life of the loan.

Related questions

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


What is the monthly payment for a 21000 at 11 percent for 36 months?

$687.51/month


What is the monthly payment on a 14847.00 loan with a 5.48 percent APR?

$344.25 over 48 months. $282.55 over 60 months.


What is the monthly payment on 4000 if the percentage is at 8.6 percent?

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


Lavina wants to buy a rocking chair for 160 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?

$16 no, 10% of 160= £16 160-16= 144 144/6 months = £24 per month for 6 months. :)


Susan wants to buy a paddle boat for 840 She will pay 20 percent down and pay the rest in six monthly installments What will be the amount of each monthly payment?

840 divided by 100 = 8.4 times that by 20 (percent) = 168. now 840-168=672. divide 672 by the six months and your answer is 112$


What is a monthly mortgage payment?

A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.


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

$311.38/month


The dealer gave her a 1250 instant rebate on the price and 0 percent interest for 60 months Jennifer made a down payment of 750 What would be the expression for Jennifers monthly payments if she take?

Extortionate, usurious, onerous.


What is one lump sum?

monthly payment is 595.00 have no worked over 4 months they want $3600.00 & will not accept payments


What is monthly interest payment on a 10000 loan for 5 years at 14 interest?

$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67