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How Perry Mazza wants to borrow 30000 from the bank. The interest rate is 6 and the term is for 5 years. What is the yearly payment amount?
To calculate the yearly payment amount for a loan of $30,000 at an interest rate of 6% over 5 years, we can use the formula for an installment loan. The annual payment can be calculated using the formula ( P = \frac{rPV}{1 - (1 + r)^{-n}} ), where ( P ) is the payment, ( PV ) is the loan amount, ( r ) is the annual interest rate divided by the number of payments per year, and ( n ) is the total number of payments. Plugging in the values, the yearly payment amount would be approximately $7,252.47.
What is a loan that is amortized over 20 years but the balance of the loan is due and payable in 5 years?
Balloon Payment Loan
What is monthly interest payment on a 10000 loan for 5 years at 9.5 percent interest?
79.17
150000 mortgage what is your montly payment at?
That depends on a lot of factors including interest rate, length of loan. For example, at 5% for 30 years your payment would be: $805.23 But at 15 years, it would $1,186.19.
How does one chase mortgage rates?
If you are not planning to move anywhere else and want to know what your payment will be every month, fixed rate is the way to go. If you are planning to move within 5 years, you may want an adjustable rate which fluctuates with the market rates. If you are planning to move within 5 years, but do not want a fluctuating rate, a balloon loan may be the way to go. The balloon loan offers a lower, fixed rate for a few years with a balloon (large) payment due at the end of the loan. If you need to borrow more than $252,700, you will need to ask about a Jumbo Loan.
What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
5 percent
What is 20000 in 5 years with 7 percent interest compounded semiannually?
After 5 years, 20000 at 7% per annum compounded semiannually will be 20000*(1 + 0.5*7/100)2*5 = 20000*(1.035)10 = 28211.98
20000 with 6.5 percent for 5 years?
6.000
How much will a car be worth after 5 years if you buy it for 20000 and the value decreases by 10 percent year?
20000 - 20000(.10)(5) = $10000 **That is assuming there was no real damage done!
What is three-fifths of 20000?
3/5 = 0.600.60 * 20000 = 12,000
How much interest is earned for the investment 20000 for 2 years at 5 compounded annually?
To calculate the interest earned on an investment of $20,000 compounded annually at a rate of 5% for 2 years, you can use the formula for compound interest: ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount, ( r ) is the annual interest rate, and ( n ) is the number of years. Plugging in the values: ( A = 20000(1 + 0.05)^2 = 20000(1.1025) = 22050 ). The interest earned is ( A - P = 22050 - 20000 = 2050 ). Thus, the interest earned over 2 years is $2,050.
What will be the price of a 20000 USD car in 10 years if the inflation rate is 5 percent?
It will be approx USD 32578.
How Perry Mazza wants to borrow 30000 from the bank. The interest rate is 6 and the term is for 5 years. What is the yearly payment amount?
To calculate the yearly payment amount for a loan of $30,000 at an interest rate of 6% over 5 years, we can use the formula for an installment loan. The annual payment can be calculated using the formula ( P = \frac{rPV}{1 - (1 + r)^{-n}} ), where ( P ) is the payment, ( PV ) is the loan amount, ( r ) is the annual interest rate divided by the number of payments per year, and ( n ) is the total number of payments. Plugging in the values, the yearly payment amount would be approximately $7,252.47.
If you have 20000 dollars and your goal is 100000 dollars in 5 years how would you achieve it?
buy real estate. 2008-LOL
What is the payment for 100000 at 5 percent for 10 years?
$1,060.66/month.
What is monthly payment on 12000 loan at 5 percent interest over 5 years?
226.45
What is the next number in the pattern 20000 4000 800 160 what is the pattern?
20000 / 5 = 4000 4000 / 5 = 800 800 / 5 = 160 160 / 5 = 32
