The payment will be $3,670.78 per month.
95
226.45
It is possible for the sum to never be paid back.
Monthly Payment: $27.90Total Paid on Loan: $1,171.70Total Paid in Interest:$ 222.70
PV = $1,783.53 =PV(5%,5,50,2000,0) PV( interest_rate, number_payments, payment, FV, Type )
79.17
95
The monthly interest is 100.
5 percent
226.45
677.00
1900
Interest for first month will be 1560 x 0.4 = 624;
It is possible for the sum to never be paid back.
Monthly Payment: $27.90Total Paid on Loan: $1,171.70Total Paid in Interest:$ 222.70
At 75% interest and no other variables, the payment would be $5,625.00 per month. <><><> However, if you meant 7.5% (a more realistic interest rate) principal and interest would amount to 629.29 oer month. Add to that taxes and insurance.
what is present value of a single payment of 24,000 at 6 percent for 12 years