Without more detail that could refer to two payment schedules:
installments
to buy something or relief installments or save money...
Semi annual payment means payment done every half year or twice a year.
four quarterly installments
When you take a monetary payout in installments, especially in an annuity (yearly installments) you must pay taxes on each installment. While this wouldn't be a problem for a monthly payout, taking a lump sum payout on an annuity means you only have to pay taxes once on it. Typically a cash settlement will be less than the total of the installments. The advantage is that you have the money all at once. Of course you'll have to pay taxes on it if the settlement isn't exempt from taxes.
The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12
installments is the correct spelling.
Equated Monthly Installments: Hire, purchase, lease, or loan-repayment installments that are constant in amount, and are usually collected in advance as post-dated checks.
answer is 52,000
One part of a total amount of money that is owed.
mean = (sum of data items)/(number of data items) = (40,000 + 90,000 + 40,000 + 30,000 + 80,000)/5 = 280,000/5 = 56,000
"The Pickwick Papers" was published in 20 monthly installments.
It is the average annual temperature for a place.
This amazing product can be yours for just pennies a day in 99 easy installments...
here is the exercise: A bank makes an announcement for an HP Compaq notebook with the following offer: Repayment in 36 monthly installments of USD 57 or Repayment in 24 monthly installments of USD 82. What is Cash Value of this Notebook? (PV) I need to use functions to get the annual rate and the present value, functions such as (=rate ; =pmt ; etc,...)
Yearly or anniversary. Those words mean annual.
Love and Installments - 1915 was released on: USA: 13 September 1915