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# What is the formula to calculate accrued interest on a loan?

# How is interest on a car loan calculated?

It is typically calculated on a rule of 78s a.k.a sum of the digits method.

# What is the formula to calculate the daily and monthly interest for a CD with interest that accrues daily and compounds monthly?

Because different months have different amount of days, the formula varies. If it's monthly, you take your principal (P), times your interest rate (R), divided by 12 months in… a year. Thus, P*R/12= monthly interest rate. Answer edited by Macintoast 6/13/2009: I am not a banker and I don't know the correct answer to your question off hand. I do know that the answer above is overly simplistic and inaccurate because it only gives you the approximate NON-compounded monthly interest rate and does not fully answer the question. The correct answer to the question is a longer formula with variables and parentheses, so you'll recognize it when you see it. Good luck. y you are right that you are not a banker, but you are a wanker.

# Formula for calculating compound interest?

P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interes…t. You need to subtract P from the answer to get the compounded interest.

# If you defer your student loan does it accrue interest while you are at school?

the deferment period is the period when the borrower makes no payments and the loan accrues no interest

# Interest will not accrue on your loans while you are in forbearance?

In the US, interest does not accrue on Subsidized stafford loans while in deferment. Interest does accrue at all times for unsubsidized stafford loans. Interest accrue…s on all loans while in forbearance.

# If you borrow an Loan you are responsible for interest that accrues while you are in school?

In the US, you only accrue interest on the unsubsidized stafford loans that you receive, the subsidized stafford loans do not accrue interest while in school.

# How interest is calculated in loan syndication?

interest=princibal x rate x time

# How do you calculate zero interest loan?

There is no calculation involved. You pay back the amount you borrow.

# How do you calculate accrued interest at 10 percent per annum?

calculate 10% of number ($2950.00 x 10% = 295.00) then divide it by 12.

# How do you calculate interest on debentures loan?

The Debenture loan is an unsecured debt backed by the credit worthiness of the borrower. The interest is calculated based on the 10-year Treasury rate plus a market-driven spr…ead, which is currently about 65-75 basis points.

# Is the interest accrued on a student loan simple or compound interest?

its compound interest

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# Which of these is the correct formula for calculating interest on a loan?

interest = prinsciabl x rate x time

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# How is the interest on a loan calculated?

The interest on a loan can be calculated in one of two ways - compounding or simple. Most loans in the U.S. are compounding loans, meaning that the interest is added to the p…rinciple each month before the new interest amount is calculated.

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# How is accrued interest calculated?

Accrued interest is usually calculated like this: Accrued interest = face value of the bonds x coupon rate x factor. Coupon = Annual interest rate/Number of payments. Factor =… time coupon is held after last payment/time between coupon payments.

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# Where can one calculate interest of a loan?

The interest of a loan can be calculated by using the 'Loan Calculator' facility at the Bankrate website. One would need to know details, such as the interest rate and the loa…n term.

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# How is the interest on an auto loan calculated?

Auto loan interest payments are calculated using an amortization schedule.