answersLogoWhite

0


Best Answer

Based on 365 days per year, [365/7 (days per week) = 52.14 weeks per year] so 52 weeks per year, based on a bi-weekly period = 52/2 = 26 payments per year/12 (Months) = 2.17; therefore, take your monthly payment and divde that by 2.17. (Eg. a $400 monthly payment could be calculated as 400/2.17 = $184.11 bi-weekly.) With this in mind, understand that bi-weekly payments only give you the false impression that you are saving money. In an annual period it will still be the same cost.

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

ReneRene
Change my mind. I dare you.
Chat with Rene
RossRoss
Every question is just a happy little opportunity.
Chat with Ross
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine

Add your answer:

Earn +20 pts
Q: How to calculate bi-weekly payment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can I find a bi-weekly mortgage calculator on the web?

This free online Biweekly Mortgage Payment Calculator will calculate the bi-weekly payment and the time and interest savings that will occur if you switch from .


How do I calculate my biweekly paycheck?

To calculate your biweekly paycheck, multiply your hourly wage by the number of hours you worked in a two-week period. Subtract any deductions such as taxes and insurance. This will give you the amount of your biweekly paycheck before any additional bonuses or overtime pay.


When do you receive payment for unemployment benefits?

You typically receive payment for unemployment benefits on a weekly or biweekly basis, depending on the state's regulations.


Why do some jobs only pay biweekly?

Biweekly payment has a number of advantages from the employer's point of view. These include reduced processing time and costs, and a smaller paper trail.


How can I make biweekly mortgage payments?

To make biweekly mortgage payments, you can contact your lender to set up a biweekly payment plan. This involves paying half of your monthly mortgage amount every two weeks, which can help you pay off your mortgage faster and save on interest costs over time.


How you calculate gross pay when you get paid hourly and biweekly?

If you want your yearly gross, multiply your bi-weekly figure by 26.


Where can I calculate a car payment online?

You can visit pnc.com for your help on calculate a car payment. I hope this helps you find the right car and the right car payment for you. They have the tools to help you.


Do more people get paid weekly or biweekly?

does limited stores pay weekly or biweekly


Are there websites that can calculate car loan payments?

There are websites that calculate your car loan payments. Most dealership websites have a payment calculater on there site that will allow you to enter your down payment amount and will calculate your payment after taking everything into play.


Is biweekly a noun?

No, the word biweekly is an adjective, a word that describes a noun, for example a biweekly meeting, a biweeklyschedule.


How can you use biweekly in a sentence?

Biweekly means 'twice a week', so and example might be, "They visited each other biweekly."


Can you give me a sentence using biweekly?

The local paper is a biweekly.