FV(interest_rate,number_payments,payment,PV,Type) = $286,888.27
This would depend on the principal balance of the mortgage.
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)
Interest for first month will be 1560 x 0.4 = 624;
1.5% monthly
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.
$170,299.81/month.
TEN MILLION! Wow! 180 payments of $94,932.33 - IF you start payments immediately - at the beginning of the month. 180 payments of $95,565.21 - IF you start payments waiting 30 days to start at the end of the month.
You monthly payment on a loan is largely based on your monthly income. usually you are expected to pay 15% percent of you income to you debtors or creditors.
It equals 2,467,470,245.23504
This would depend on the principal balance of the mortgage.
30
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)
45833.33 (recurring). In order to get round the recurring decimal, you would require8 payments of 45833.33 and 4 of 45833.34
The benefits of leasing include the option to not make a down payment, paying sales tax only on monthly payments (in most states), and payment of a money factor similar to the interest rate on a loan. Leases may also include extra fees and possibly a security deposit, items not part of a direct purchase. First payments are made at the time the contract is signed. The short-term monthly cost of leasing is less than the cost of buying, according to Leaseguide.com. For vehicles with the same price, term and down payment, monthly lease expenses will be 30 percent to 60 percent lower than loan payments.
Interest for first month will be 1560 x 0.4 = 624;
1.5% monthly
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.