One part of a total amount of money that is owed.
build in
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
amount financed = cash price - down payment
See mean-8. Or get a dictionary.
That is not a word in the English language.
No it mean to multiply
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.
A property that is bought by means of monthly payments is said to be paid by installments.
paying in installments; the installment plan
"The Pickwick Papers" was published in 20 monthly installments.
This amazing product can be yours for just pennies a day in 99 easy installments...
Love and Installments - 1915 was released on: USA: 13 September 1915
Never buy a computer on installments. If you cannot afford to pay cash save your money until you can. The only 2 things you should ever buy on installments is a vehicle or a home.
The cast of Love and Installments - 1915 includes: Albert Ray Will Rex
A serial novel is a novel that is published in chronological parts, either as separate books or periodical installments.~E
Nope.
What are gold installments?...