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What is the approximate principal and interest payment on a loan of 118000 at 9.25 percent for 30 years having an interest rate factor of 8.23?
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What would be the monthly payment on 90000 mortgage at raate of 75 percent interest for 30 years?
At 75% interest and no other variables, the payment would be $5,625.00 per month. <><><> However, if you meant 7.5% (a more realistic interest rate) principal and interest would amount to 629.29 oer month. Add to that taxes and insurance.
How are interest and principal related?
Principle: is the beginning amount of money that is deposited or owed. For instance, you deposit $100 or you take on a loan that is worth $100. The $100 is your principle amount. Interest: Is the cost of borrowing. The higher principle, the higher interest payment you will have to pay because the interest due is a percent of the Principle.
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
Calculate the simple interest on a loan with a principal of 6.000 an interest rate of 7.39 percent and a term of four years?
1,773.60
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of 3900 at 72 percent for three years?
842.40
What would the payment be on 50000.00 on a 30 year loan at 10 percent interest?
Basic Interest interest = principal times the rate time time 10% = 0.1 I=5000.00*30*0.1 =15,000
You have a single payment loan for 10500.00 for 123 days at 15 percent annual interest. Calculate interest due and the repayment amount .?
Interest =.15/365*123*10500 = $530.75 (approximate, depends on composite or accumulation terms) Total = $10,500.00 + 530.75 = $11,030.75 (approximate)
You have a single payment loan for 3500.00 for 270 days at 9 percent annual interest. What is the interest amount and the money due at the end of the loan?
Interest =0.09/365*270*3500 = $233.01 (approximate, depends on composite or accumulation terms) Total = $3,500.00 + 233.01 = $3,733.01 (approximate)
What is a fixed percent of the principal in math?
Simple Interest
What would be the monthly payment on 90000 mortgage at raate of 75 percent interest for 30 years?
At 75% interest and no other variables, the payment would be $5,625.00 per month. <><><> However, if you meant 7.5% (a more realistic interest rate) principal and interest would amount to 629.29 oer month. Add to that taxes and insurance.
What is the principal balance if the principal plus interest at the end of 1 and a half years is 3360 at an annual interest rate of 8 percent?
3000
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
What Is the percent of the principal paid as interest per time period?
It is an increasing percentage as the repayment progresses. At the start, it is mostly interest and very little principal whereas near the end it is mostly principal and little interest.
Is the percent of the principal paid as interest per time period.?
yes
Is the percent of the principal paid as interest per time period Answer?
yes
What is the simple interest for a loan with 500 principal 10 percent annual rate and a 2 year time period?
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
What is the payment on 435000.00 at 6 percent interest for 15 years?
The payment will be $3,670.78 per month.
