0
What is the monthly interest payment on 10000 dollar loan for 3 years at 5 percent interest per month?
Wiki User
∙ 13y ago
Assuming that the loan principal is paid off in equal installments AND the monthly payment is to be kept the same, the average simple interest paid per month for the loan may be computed as follows:
$10,000 principal balance at time 0 months
$0 principal balance at time 36 months
($10,000 + $0) / 2 = $5,000 average balance
$5,000 is average balance throughout the period of the loan
$5,000 x 5% per month = approximately $250 per month.
However, the amount of REAL interest is different throughout the life of the loan.
Wiki User
∙ 13y ago
Anonymous
Taking personal loan in amount of five thousand dollars over 3 years .what is Approximate monthly interest
Add your answer:
Earn +20 pts
What is the monthly interest rate for a annual interest rate of 6 percent?
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
How much will your 10 million dollar account earn at the end of two years if it is compounded monthly at 6 percent?
14,400,000 dollars
How much will a dollar deposit be worth after 48 years if the interest rate paid by the bank is 6 percent?
>about $15 <
How to calculate compound interest using a monthly investment calculator?
A simple formula can be used to calculate the amount the dollar invested is worth over a monthly period. Use PV*(1+R)/N where PV is your present investment, R is your interest rate and N is the number of investment periods.
If Joe has 12070.75 dollars in his money market account and his monthly interest rate is 0.495 percent what would be the dollar amount of interest added to his account every month?
0.495 % = 0.00495 0.00495 x 12,070.75 = 59.75 So after the first month will be added $ 59.75. 12,070.75 + 59.75 = 12,130.50 0.00495 x 12,130.50 = 60.05 So after the second month will be added $ 60.05. And so on.
What is true about loan terms?
A longer term equals a lower monthly payment and a higher dollar amount of interest paid.
Which of these statements about loan terms is true?
A longer term equals a lower monthly payment and a higher dollar amount of interest paid.
What statement is true about loan terms?
A longer term equals a lower monthly payment and a higher dollar amount of interest paid.
What is the average mortgage payment on 130000?
I don't think there is a such a thing as an average mortgage payment on any given dollar amount. The principal and interest payment depends on several factors besides the loan amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment. If you could afford to do a 15 year loan, at the same interest rate, the monthly payment would be $994.49 and you would save nearly $60,000 in interest. If you change the interest rate, the payment could change significantly also.
How musch is an interest on a 2.5 billion dollar loan?
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
How much is the average monthly payments for a 50k dollar car?
Depending on your interest rate and repayment terms there are many possibilities. There is an easy calculator here:https://www.grabillbank.com/calculators.html?CALCULATORID=PC09&TEMPLATE_ID=www.grabillbank.com_1 For 7 years at 5.5% with no down payment monthly payments would be $718.50
What is the monthly interest rate for a annual interest rate of 6 percent?
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
Would a dollar tomorrow be worth more to you today when the interest rate is 20 percent or when it is 10 percent?
10 percent.
How much will be your payment for a 1.5million dollar business loan?
The payment will depend on the interest rate charged on the loan. As an example, a monthly repayment on a 1.5million dollar loan, negotiated over 30 years at 7% interest would be $9,979 each month. Calculate that each month over 30 years and you would get the total amount that you would repay - $3,592,440. Virtually all banks have some sort of repayment calculator on them, which is helpful in finding what payments will be.
What happens if inflation rises by just 1 percent?
The dollar in your pocket is worth .99 of a dollar. also nominal interest=real interest+inflation so nominal interest goes up by 1%
If you pay one dollar a day can the credit card companies sue you?
The minimum monthly payment based on your balance is what you need to pay in order to stay in the credit company's good graces. The minimum payment includes a portion of the principle and interest for the month. One dollar a day might be enough if you have a low balance and a low percentage rate, but it seems like a risky way to look at it. Pay the bill as soon as you receive it.
What would payments be on a six thousand dollar loan with a fourteen percent interest rate?
260.00
