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Bought a new dishwasher for 250 paid 20 down and made 10 monthly payment of 34 What actual yearly interest rate did pay?
You paid an annual percentage rate of approximately 57.4%.
Working through the math, the dishwasher was $250 if bought outright. You paid $20 at the time so you were financing $230 ($250 - $20) and made $340 (10 * $34) in payments over 10 months.
The basic interest rate is 47.8% ($340/$230 - 1), however, you only paid that amount over 10 months, so the basic rate must be annualized to account for the remaining two months of the year resulting in 57.4% (47.8% * 12 / 10).
What else can I help you with?
Henry Devine bought a new dishwasher for 320 He paid 20 down and made 10 monthly payments of 34 What actual yearly interest rate did Henry pay?
29.09%
Henry Devine bought a new dishwasher for 320. He paid 20 down and made 10 monthly payments of 34. What actual yearly interest rate did Henry pay?
Henry paid an annual percentage rate of approximately 28%. Working through the math, the dishwasher was $320 if bought outright. Henry paid $20 down at the time so he was financing $300 ($320 - $20) and made $340 (10 * $34) in payments over 10 months. To determine the rate, we use the formula for computing an annuity: PRINCIPAL = (PMT / PERIODICRATE) * (1 - (1 / ((1 + PERIODICRATE) ^ Periods))) Where: PRINCIPAL = amount borrowed = $300 PMT = periodic payment = $34 PERIODS = number of payments = 10 PERIODICRATE= the APR we are looking for divided by 12 Solving for PeriodicRate we get about 2.34%. Multiply by 12 and we get 28.09%. Using Microsoft Excel, we could use the "rate()" formula as follows: =rate(10,-34,300) = 2.34% * 12 = 28.09%
What is the amount of each month's payment when Ne bought two tops for 299 each and a ring for 140 he paid 1 by 6 of total cost at the time of purchase and the balance in 12 equal monthly installment?
Total cost = 2*299 + 140 = 738 Initial payment = 1/6 * 738 = 123 Balance to be paid over 12 months = 738 - 123 = 615 Each month's repayment = 615/12 = 51.25 but the answer is 61.5 in my book how it can be?
How are interest on a bond calculated?
Know the bond's face value, then, find the bond's coupon interest rate at the time the bond was issued or bought, then, multiply the bond's face value by the coupon interest rate it had when issued, then, know when your bond's interest payments are made, finally, multiply the product of the bond's face value and interest rate by the number of months in between payments.
What is the interest rate for 1 million dollars put on a CD after 1 year?
The interest rate on a CD can be different in each bank, and they change all the time. Generally, the interest rate is stated at the time you buy the CD, and it doesn't change on that one once you've bought it ... the rate won't be different "after 1 year".
Henry devine bought a new dishwasher for 320.00 he paid 20 down and made 10 monthly payments of 34what actual yearly interest rate did Henry pay?
Henry Devine bought a new dishwasher for $ 320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?
Henry Devin bought a new dishwasher for 320. He paid Y down and made Y monthly payments of 34. What actual yearly interest rate did Henry paid?
Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry paid?
Henry Devine bought a new dishwasher for 320 He paid20 down and made 10 monthly payments of 34 What actual yearly interest rate did Henry pay?
$29.09
Henry Devine bought a new dishwasher for 320 He paid 20 down and made 10 monthly payments of 34 What actual yearly interest rate did Henry pay?
29.09%
Where can I find dishwasher parts?
Dishwasher parts can be bought from the original dishwasher manufacturer, such as Bosch. They can also be bought from spare parts sites such as Sears and eSpares.
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and acirc and 128 and 153s monthly payments will be.?
To calculate Caleb's monthly payments on a car loan of $6,900 at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan: [ M = P \frac{r(1+r)^n}{(1+r)^n - 1} ] where ( M ) is the monthly payment, ( P ) is the loan principal ($6,900), ( r ) is the monthly interest rate (5.4% annual / 12 months = 0.0045), and ( n ) is the total number of payments (5 years × 12 months = 60). Plugging in the values, Caleb's monthly payment is approximately $131.29.
Can a debt collection agency that bought the original debt charge you monthly interest?
YES. They can charge you the maximum interest as indicated in the bank agreement you signed or they sent as an update to you in the mail PRIOR to the collection process beginning. Usually this is why banks MAX the interest once you missed two or three payment in a row. They see the writing on the wall.
Caleb bought a car for $6,900. He agreed on a five- year loan at a 5.4% interest rate. Calculate what Caleb’s monthly payments will be?
$131.48
Henry devine bought a new dishwasher for 320?
38.34
What is the word for money paid monthly on a property bought?
A property that is bought by means of monthly payments is said to be paid by installments.
There is a black gunk in my dishwasher how do i remove this?
The best thing you could do would be call a plumber or the company that you bought your dishwasher from. That's about the best thing you could do for now.
What is a sentence for payment?
The money given to The shopkeeper was payment for the bicycle that John bought.
