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The monthly interest on $500,000 will depend on the interest rate at the time the money was borrowed. Interest is usually charged as an annual rate and then broken down into monthly segments.
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What is monthly repayment on 500000 loan at 10 percent interest per year for 20 years?
This depends on if the interest is compounding every year or not.
What is the monthly payment for a 500000 mortgage?
It depends on the interest rate and loan term. For a 4.5%, 30 year mortgage the payment would be: $2,533.43 If you did a 15 year mortgage at the same 4.5%, the payment would be: $3,824.97
What would happen to a monthly payment if the interest rate increased?
Either the monthly payment would have to increase or the period of the loan.
Interest on maturity is better or monthly interest?
If you need a monthly income then obviously a monthly income is better. If the monthly interest is not withdrawn then it makes no difference because the annual interest rate is usually equal to the compounded monthly rate.
How do you convert annual interest rate to monthly?
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
How do you calculate monthly interest rate on an annual interest rate?
If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %
What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
How much interest per month is an investment of 150000 at 4 percent?
That would really depend on the investment strategy, are you getting 4% per month, per year or per week (yes they are all possible)? 4% of $150,000 is $6,000. If your interest rate is annual then monthly return would be $500. If your interest rate is monthly then it would be $6,000 and of coarse weekly interest rate of 4% would give you $24,000 monthly. It all comes down to interest rate over what period of time then factored by the month. 6000$
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
