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What else can I help you with?
What can affect your monthly car payment?
Interest and down payment.
What is monthly interest payment on a 10000 loan for 5 years at 12 percent interest?
The monthly interest is 100.
What to include when explaining past credit history?
Description of reasonable obstacles to maintaining a good payment history (medical, job loss) and your interest in improving it.
What happens to the monthly payment and total payment for a loan with a lower annual interest rate?
If a loan has a lower annual interest rate, the monthly payment will be lower and the total payment over the life of the loan will also be lower.
What is an amortization home loan?
On a traditional loan the interest is compounding monthly. With amortization the monthly payment is split up equally between the interest and the actual house payment.
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.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
What is monthly interest payment on a 10000 loan for 5 years at 14 interest?
$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
What is monthly interest payment on a 12000 loan for 5 years at 9.5 percent interest?
95
What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
