90,000
1.5% monthly
19.2
677.00
Your monthly payment, assuming you have quoted the interest rate correctly, should be $165.83 if you pay this off in one year (12 monthly payments)
An amortization table would give you the answer. If this is a real life situation and you are in the US you would be getting screwed at this rate of interest.
1.5% monthly
1.5% monthly
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
1.75%
1 3/4%
14.651
19.2
22.8 or 22.80
22.8 or 22.80
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
0.67 percent