0
Susan wants to buy a paddle boat for 840 She will pay 20 percent down and pay the rest in six monthly installments What will be the amount of each monthly payment?
Wiki User
∙ 12y ago
840 divided by 100 = 8.4 times that by 20 (percent) = 168. now 840-168=672. divide 672 by the six months and your answer is 112$
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is a business loan calculator?
A Business-Loan Calculator calculates terms for fixed-rate loans Which you can find by searching and you need This information to use the loan calculator: Loan amount Interest rate Term years Additional monthly payment Monthly payment Total interest Average monthly Interest Number of years
What do you multiply by to decrease an amount by 30 percent?
To decrease an amount 30 percent, multiply that amount by 0.7
How do you take 10 percent off an amount?
Multiply your amount by 0.9 0.9 is 90 percent of the full amount, and will result in 10 percent removed.
What is the percent decrease from 220 to 33?
Percent Decrease = (Original Amount - New Amount)/(Original Amount) * 100% The percent decrease from 220 to 33 is 85%
47 percent of the monthly income is used to pay the owners prsonal salary if the amount of the owners salary was 2176.10 this month what was the companys monthly income?
Owners salary = 2176.10 % of salary when compared to total = 47% Total salary = X X * 47/100 = 2176.10 X = 2176.10 * 100 / 47 X = 4630 The company's monthly income is 4630.
Lavina wants to buy a rocking chair for 160.00 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?
Down payment = 10%Remainder to be paid in six installments = 90% = 0.9 of the purchase price.Each installment = (0.9 x 160)/6 = 24
Lavina wants to buy a rocking chair for 160 She will pay 10 down and pay the rest in six monthly installments What will be the amount of each monthly payment?
the answer is b 24 dollars
Lavina wants to buy a rocking chair for 160 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?
$16 no, 10% of 160= £16 160-16= 144 144/6 months = £24 per month for 6 months. :)
Function takes rate payment and loan amount and outputs a monthly loan payment amount in excel?
The PMT function in Excel outputs a monthly loan payment amount.
What function in excel takes rate payment and loan amount and outputs a monthly loan payment amount?
The PMT function in Excel outputs a monthly loan payment amount.
Can a lending company charge interest and fees that are higher than your monthly payment?
yes, it is possible. It all depends on the amount of loan and the period of repayment of loan. In order to get low monthly installments make the time period of loan repayment more. In this way though you have to pay more amount but you will able to pay that amount in your current monthly income.
What is the meaning of LAM-SUM?
its lumsum means whole amount at one time for e.g give 8 monthly installments of 2000 each or lumsum payment of 14000 (here we are getting a discount of 2000 on lumsum payment i.e all payment in one go)
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What equation shows how installments loan are calculated?
amount financed = cash price - down payment
what is a thirteenth salary?
A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December. Although the amount of the payment depends on a number of factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on country).
Function takes rate payment and loan amount and outputs a monthly loan payment amount?
PMT
What does the name emi mean?
Equated Monthly Installments: Hire, purchase, lease, or loan-repayment installments that are constant in amount, and are usually collected in advance as post-dated checks.
