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What payment 6 months from now would be equivalent in value to a 8825 payment due 11 months from now The value of money is 4.5 simple interest. Round your answer to 2 decimal places.?
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You paid 11.75 over the regular price of 470 for a stereo system because of financing them for 2 months What was the annualized rate of interest you paid for the stereo?
If there was no partial payment before the final payment, your interest rate was (11.5/470)(100)(12 months/2 months) = 14.68 %.
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 17 months as a decimal?
It is simply 17.0 months as a decimal
What simple interest rate is equivalent to the simple discount rate 6.5 in discounting an amount in 6 months?
.5
At what nominal compound interest rate compounded semi-annually will a sum of money be doubled in 21 months?
if there are two payments a year, at the beginning of the year and at 6 months, plus one payment at the end of 21 months then at an annualised compound rate of 21.9% your money will double in 21 months.
What decimal is equivalent to 54 months?
The decimal is a way of representing a number. The number in this case is 54 so the decimal equivalent is 54.
Why does a company that issues bonds between interest dates collect accrued interest from the bond's purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
Why does a company that issues bonds between interest dates collect accrued interest from the bonds' purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
You paid 11.75 over the regular price of 470 for a stereo system because of financing them for 2 months What was the annualized rate of interest you paid for the stereo?
If there was no partial payment before the final payment, your interest rate was (11.5/470)(100)(12 months/2 months) = 14.68 %.
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
What type of loan in which the loan amount and interest are due in one payment at maturity?
Single payment note. They generally run three to six months in lengh.
How do I Calculate interest for a late payment on a simple interest loan?
You would multiply the rate of interest by the amount owed by the amount of time the payment is late. For example if you have a payment due of 100 dollars and it is 6 months over due at an interest rate of 5% annually you would first calcuate what is the monthly interest rate by doing .05/12 which would be .00417. Then you would multiply the amount owed (100) by the monthly interest (.00417) by the number of months (6). 100x.00417x6= 2.502 Therefore you would now owe $2.50 of interest plus the original amount due 100= $102.50.
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 are loans affected when you drop out of college?
You still have to pay them. They give you 6 months of payment deferment I believe. After that the interest starts accumulating.
What is the payment for a 3000 loan for 18 months?
Depends mostly on the interest rate. There are quite a few banks that have loan calculators on their website.
What is 17 months as a decimal?
It is simply 17.0 months as a decimal
Latoya wants to buy a new car, so they do not have to share the truck. Latoya has narrowed her choice to a new BMW 230i?
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