There is not enough information in your question to provide an answer. Depending on what you are borrowing the money for, the lender will offer varying terms. For example, an automobile loan is typically 60 months, but some lenders offer 72 months. Home mortgages are usually 180 months or 360 months.
To refinance your home, you should speak to a loan officer who can help you determine the best strategy to get you what you need with the terms you need.
Your question should have been, How much will my monthly payment be if I borrow 55000 at 7 percent, for "X" months. Then of course there in the amortization table to consider. These questions can all be answered by a loan officer at your local bank or savings and loan.
500
Rates change every day. You can check a site such as www.xe.com for current conversion factors.
Please note that your credit score is only one aspect of the credit approval process. There is debt to income ratio, the capacity to repay the loan, collateral is part of the process, other factors. Also depending on what you want to use the loan for is also a factor. If you want a no-questions asked loan, with a great credit score you are entiled to a low interest rate credit card that would give you that 5500 no collateral loan. Phil Turner
Nope. Income doesn't matter much if your credit sucks. Your credit score usually needs to be 620 or above to get a loan without a cosigner or collateral.
9% of 55000 = 55000*9/100 = 4950
5 ÷ 100 × 55000 = 2750
It is: (3000/55000)*100 = 5.45% recurring decimals
70% of 55,000 = 70% * 55000 = 0.7 * 55000 = 38,500
20% of 55000 is 55000*20/100 = 11000
18,150
6.75 percent of 55,000 is 3,712.5
13750
It is 3.64% of 55,000
It is 1.1% of 5,000,000
11 percent of 500000 = 55000 11% of 500000 = 11% * 500000 = 11%/100% * 500000 = 0.11 * 500000 = 55000
15% of $55,000.00= 15% * 55000= 0.15 * 55000= $8,250.00