How do I create a formula to calculate cost per thousand Example Loan amount of 133000.00 x 3.00 per thousand?

Answer 1

You know the cost per thousand. What you want to calculate is the total cost
for some number of thousands.

Cost = (cost per thousand) x (how many thousands)

If the loan amount is 133,000 (one hundred thirty-three thousand), then
there are 133 thousands in it.

The cost of the loan is (cost per thousand) x (how many thousands) = (3) x (133) = 399 .

Answer 2

A formula for repayment of a loan depends on

• the sum borrowed (133000.00);
• the interest rate (3.00%);
• if the interest is compounded (NOT KNOWN), and if so, how often (NOT KNOWN);
• the period of the loan;
• whether the payments are uniform or change as the outstanding amount changes (NOT KNOWN).

As you can see, there are too many unknowns to make a sensible stab at the answer.