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Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
You pay what is owed after the creditor sells the car for. So if you owed 10,000 and the creditor sells it for 8000 at an auction, then you would owe the remaining balance.
£8000 is $9,723.50
According to my calculations the answer is 8.137%.
$8000 USD is £6582
Depending on the rate of interest which can vary from 2-4% per annum would be in the region of £8000-16000 daily
The rate is 1600/8000 = 1/5 = 20%
Simple interest would be 1040
interest investments are collected annually (yearly) so you would take 12 % and multiply it by $8000. 8000 x .12 = 960 this means that you collect $960 annually from interest. so then multiply the $960 by your number of years (7). 960 x 7= $6720. Then you would add the interest you received from the investment and add it back to your innitial investment of $8000. 8000 + 6720= $14720.00
Formula for times interest earned = earning before interest and tax / interest expense Times interest earned = 32000 / 8000 = 4 times
8000*2.5/100 = 200
$2400
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
2% means 2/100 so divide your 8000 by 100 and multiply by 2 to get 160.
Depends on the interest and term length of the loan..
PV= FVxPVIF $8,000x.558= $4,464