30.00
12% on 2500 = 2500*12/100 = 300
(12/100) x 12000 = 12 x 120 = 1440
(Amount of working capital/100)*12
5,132.33^10
12% per year
480
30.00
12
12% on 2500 = 2500*12/100 = 300
(12/100) x 12000 = 12 x 120 = 1440
It's 11/12 percent of whatever principle you still owe.
(Amount of working capital/100)*12
5,132.33^10
calculate 10% of number ($2950.00 x 10% = 295.00) then divide it by 12.
1000*(1 + 12/100)9 = 1000*(1.12)9 = 2773.08
$25,000 per month