You should save enough so that eventually you have 8 months' salary in a savings account.
The amount of mortgage each month will depend on the amount of money borrowed, the duration and APR interest on the amount. You will need these figures to calculate the amount
You might save money by paying the amount you have charged before the interest is calculated.
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
The interest rate is the annual charge levied on you loan. If you borrowed 100 units of local currency and the interest rate was 10% then you would have to pay 10 units of local currency each year while you owed the 100. The monthly payment amount is the amount you pay back each month to pay back the money you have borrowed. Thus if you borrowed 100 at 10% interest and were to pay this back over a year your month payment amount would be (100+10)/12 = 9.166666666666667 a month for a year.
I would personally put the money into a bank account so he can receive money while he's saving it
The amount of mortgage each month will depend on the amount of money borrowed, the duration and APR interest on the amount. You will need these figures to calculate the amount
500 - 700 pounds
You might save money by paying the amount you have charged before the interest is calculated.
It sometimes depends on how good they are, usually.
A Bar Graph.
$6500
A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.
None, youd just be hella poor
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Measure the amount of growth, and or watch how much it grows each month
I would personally put the money into a bank account so he can receive money while he's saving it
The interest rate is the annual charge levied on you loan. If you borrowed 100 units of local currency and the interest rate was 10% then you would have to pay 10 units of local currency each year while you owed the 100. The monthly payment amount is the amount you pay back each month to pay back the money you have borrowed. Thus if you borrowed 100 at 10% interest and were to pay this back over a year your month payment amount would be (100+10)/12 = 9.166666666666667 a month for a year.