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Calculator hp How much will 600.00 per month for 30 yrs.at 4.5 percent can you borrow?
Let "q" be your monthly payment (600), N be the time length of the loan in MONTHS (360) and "i" be your monthly interest rate. This last number is a little tricky and depends on exactly what is meant by 4.5% interest. I assumed they charged interest every month on your balance so after a year it was 4.5% . Then i = .00367. The formula is then: P = (q/i)[((1+i)^N) - 1]/(1+i)^N = (600/.00367)[((1.00367)^360) - 1]/(1.00367)^360 = 163488[3.7389 - 1]/3.7389 = $119,762 the amount you can borrow.
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How much a month is 60000 a year?
$5000.00 a month - taxes.
What is 7 percent compounded monthly?
It means that at the end of every month, (7/12) of 1 percent of the lowest value of your account during the previous month is added to it.
How much interest would be paid on 11000.00 at 6 percent per month?
11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
What are the monthly payments on 2000000.00 for 1 year at 4 percent .?
$170,299.81/month.
Six hundred dollars is borrowed at an interest rate of 1.4 percent per month Find the interest for a 30-month period?
252
