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Try using a browser to search for "interest calculator" there are MANY available. I used the Mortgate Calculator (which of course isn't just for mortgages, you set the rate & term yourself) at moneychimp, here's a link: http://www.moneychimp.com/calculator/mortgage_calculator.htm
Your monthly payment on a five year loan of $30,000, at 2.9% = $537.73
See? Easy.
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∙ 16y ago
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Should you make extra interest payments on a mortgage?
You don't make extra interest payments on a mortgage, you pay additional to lower your principal, which in turn lowers your interest cost. If you can afford it and don't have higher interest rate debt, then definitely yes. As an example, a 300,000 mortgage at 5% for 30 years, paying just $200 extra per month reduces the number of monthly payments by 78, or 6.50 years, and reduces the interest and total paid by $69,210.39. A significant cost savings to you.
How much did a new house cost in 1982?
30000
How do you calculate aftertax cost of debt?
use the cost of servicing the debt, but then credit back any tax deduction/credit/etc that you have from the debt. A big example is home mortgages. If I pay $1800 a month, and $1500 of it is interest, and my net marginal tax rate is 33% (making stuff up here), I can deduct the $1500 a month in interest from my income, and effectively, the government is giving me a check for $500 (33% marginal rate times $1500 monthly interest deduction = $500 tax benefit of the loan). Therefore, my net after-tax cost of debt isn't the $1500 i pay in interest every month, it's $1000 ($1500 - $500).
How does compound interest work on loans?
It's when you have to pay interest on the principal cost and on the interest from past years.M = P( 1 + i )nM is the final amount including the principal.P is the principal amount.i is the rate of interest per year.n is the number of years invested.
Will paying more every month on car loan lower the total cost?
Yes it will. They car will be paid off earlier and interest will not be as much based of the total balance.
What cost per month for 5000 at 2.9 percent interest for 2 years?
$214.68
How much does it cost to maintain a spider monkey?
it cost 30000$ it cost 30000$
How much did it cost to buy a house 10 years ago?
30000 dollars
What is the sales revenue if variable cost is 40000 and fixed cost is 30000 and break sale revenue is 40000?
Sales revenue = breakeven sales + Fixed Cost Sales revenue = 40000 + 30000 sales revenue = 70000 Prove Sales revenue = 70000 Less: V.C = 40000 Contribution Margin = 30000 Less:Fixed Cost = 30000 Profit (loss) = Nill
Should you make extra interest payments on a mortgage?
You don't make extra interest payments on a mortgage, you pay additional to lower your principal, which in turn lowers your interest cost. If you can afford it and don't have higher interest rate debt, then definitely yes. As an example, a 300,000 mortgage at 5% for 30 years, paying just $200 extra per month reduces the number of monthly payments by 78, or 6.50 years, and reduces the interest and total paid by $69,210.39. A significant cost savings to you.
How much does it cost to have a car?
A car in sinpore cost about 30000$-very expensive
What is the cost of the 2012 Super Bowl ring?
30000
How much a car cost in the 1970's?
30000
How much does it cost for a Hummer?
Anything from $30000-$60000
What does the average car cost today?
around $30000
What did a 1986 Corvette cost in 1986?
30000 and. Up
How much did a new house cost in 1982?
30000
