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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 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.?
To find the equivalent payment 6 months from now for an $8825 payment due 11 months from now at a simple interest rate of 4.5%, we first calculate the interest for the 5-month period (from 6 months to 11 months). The interest can be calculated as ( I = P \times r \times t ), where ( P = 8825 ), ( r = 0.045 ), and ( t = \frac{5}{12} ). Calculating the interest: [ I = 8825 \times 0.045 \times \frac{5}{12} \approx 16.57 ] Now, subtract this interest from $8825 to find the equivalent payment 6 months from now: [ Equivalent Payment = 8825 - 16.57 \approx 8808.43 ] Thus, the equivalent payment 6 months from now is approximately $8808.43.
How much interest would you earn in 6 months on an account that pays 6.5 percent simple interest on 654.89?
21.28
How much interest would you earn in six months on an account that pays 6.5 percent simple interest on 654.89?
21.28
How would the total payment on a 5-year loan at 3 percent annual simple interest compare with the total payment on a 5-year loan where one-twelfth of that simple interest 0.25 percent is calculated?
In the first case you will get 1+3%*5 = 1.15 times the capital. In the second, you will get 1+0.25%*5 = 1.0125 times the capital
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 80 percent of 12 months?
To calculate 80 percent of 12 months, you would first convert 80 percent to a decimal by dividing by 100, resulting in 0.80. Then, you would multiply 0.80 by 12 to find the answer. Therefore, 80 percent of 12 months is 9.6 months.
How much would a montly payment be for 300000 at 2 percent?
The answer depends on the period of the loan.
How much would Ray pay as a down payment on a 67000 house if he made a 20 percent down payment?
13400 is 20% of 67000.
Monthly payment on 217000 30yrs at 4.5 percent What would the monthly payment be?
Want to know what our monthly house payment will be owing 217000.00 on a 30 year loan at 4.5%
The dealer gave her a 1250 instant rebate on the price and 0 percent interest for 60 months Jennifer made a down payment of 750 What would be the expression for Jennifers monthly payments if she take?
Extortionate, usurious, onerous.
How much would you have to finance if you bought a 52500 house with a 10 percent down payment?
47,250 A+
Daphene bought a used car for 9200 She made a down payment of 1840 Find the percent of the purchase price that is the down payment?
the answer would be 20%,you would divide 1840 by 9200
What would be the monthly payment on a 90000 mortgage at a rate of 7.5 percent interest for 30 years?
677.00
How much would a monthly payment be on 14000 on credit card?
Three to five percent of the statement balance.
what would the payment be on a fixed home loan at 5 percent?
please specify or tell me your loan amount
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
