0
You pay a monthly installment towards the balance you owe.
Wiki User
∙ 13y ago
Monthly repayment refers to the amount of money that needs to be paid on a monthly basis towards a loan or debt. It includes both the principal amount and the interest charged on the loan, and is usually calculated based on the loan term and interest rate. It helps borrowers to budget their finances and stay on track with their loan payments.
Add your answer:
Earn +20 pts
How much is charged on a balance of 1250 at 19.49 APR compounded monthly?
If there is no repayment then the compound interest will continue growing for ever - becoming infinite. If there is repayment then the charge will depend on the amounts of repayment.
In dealing with real estate does a silent partner partake in monthly income from property?
Yes, as repayment and interest....
Monthly cost of paying off college loan?
Depends on the balance, repayment term, and interest rate.
Can a lending company charge interest and fees that are higher than your monthly payment?
yes, it is possible. It all depends on the amount of loan and the period of repayment of loan. In order to get low monthly installments make the time period of loan repayment more. In this way though you have to pay more amount but you will able to pay that amount in your current monthly income.
Can someone expalain what will be installment size for a loan for 2.8 million having interest rate 5 and repayment option principal 1st and then interest with equal monthly installment and repayment?
8 8
Could you inform me about loan repayment calculator?
A loan repayment calculator helps you figure out your monthly payment for any given month over the term of your loan. This is helpful if you have an adjustable rate mortgage or a balloon payment.
What is a mortgage repayment calculator?
A mortgage repayment calculator is a tool that calculates the monthly payment of a home loan. This includes both principal and interest payments, as well as any other fees that may be included in the loan. You can calculate your mortgage repayments in a few minutes for free at royalproperty.ca
What is monthly repayment on 500000 loan at 10 percent interest per year for 20 years?
This depends on if the interest is compounding every year or not.
How do you solve this excel exercise?
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,...)
What issues will the FFELP help with?
The FFELP can help with loan consolidations and deferments for when the time comes to start repaying that loan making it easier with monthly payments. It can also help with repayment issues with prepaying the loan at anytime and having repayment options available.
What would the monthly payments on 130000 pounds mortgage be?
The payment will depend on the interest rate and the repayment term. The repayment term is the number of years over which you will pay back the mortgage. Abbey Mortgage is currently offering mortgages with 3.98% interest rate. If you borrow 130,000 pounds at 3.98% and pay it back over 30 years, your monthly payment will be 619.14 pounds. They have a "mortgage calculator" that lets you experiment with other options -- http://www.abbey-products.com/mortgages/repayment-calculator/index.htm
What loan can student get that has the shortest repayment period?
The shortest repayment period also means the highest monthly payments. In the United States, your best option is to receive Federal student loans (Stafford subsidized or unsubsidized). The shortest repayment plan is 10 years, but there is no pre-payment penalty and you can pay off your loans faster than 10 years.
