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If a loan is for 5 years, it would typically involve 60 monthly payments, since there are 12 months in a year. Therefore, 5 years multiplied by 12 months per year equals 60 months.

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1mo ago

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What would the monthly payments be for a 225000 business loan?

To determine the monthly payments for a $225,000 business loan, you'll need to know the interest rate and the loan term (in years). For example, at a 5% interest rate over 10 years, the monthly payment would be approximately $2,375. You can use an online loan calculator or the formula for an amortizing loan to find the exact payment based on your specific terms.


What would be the monthly repayments on a 230000 loan?

To calculate the monthly repayments on a $230,000 loan, you'll need to know the interest rate and the loan term (in years). For example, with a 4% interest rate over 30 years, the monthly payment would be approximately $1,099. You can use the formula for monthly payments or a mortgage calculator for different rates and terms to find the exact amount.


How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years?

110082.80


How much interest is paid on a 52000 loan if the monthly payments are 450.23 for w years?

To calculate the total interest paid on a $52,000 loan with monthly payments of $450.23 over a certain number of years (w), first determine the total amount paid by multiplying the monthly payment by the total number of payments (12 months × w years). Then, subtract the original loan amount from this total to find the interest paid. The formula is: Total Interest = (450.23 × 12 × w) - 52,000. You would need to specify the duration (w) to calculate the exact interest amount.


How much extra payment toward principle would you have to make to pay off 30 year loan with 128000.00 remaining on loan making bimonthly payments at 6.42 interest in 5 years?

To pay off $128,000 in 5 years at 6.42% interest you would have to pay almost $30,000 a year ($29,996.08 if my calculations were right). Monthly payments would be $2499.68, so I suppose bimonthly would be $1,249.84. You did not say what your current payments are or if they are monthly, but you would have to specify that anything over your current payment would have to go to principal.

Related Questions

What would the monthly payments be for a 225000 business loan?

To determine the monthly payments for a $225,000 business loan, you'll need to know the interest rate and the loan term (in years). For example, at a 5% interest rate over 10 years, the monthly payment would be approximately $2,375. You can use an online loan calculator or the formula for an amortizing loan to find the exact payment based on your specific terms.


Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be.?

To calculate Caleb's monthly payments for a $6,900 car loan at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan. The monthly interest rate is 5.4% divided by 12, or approximately 0.0045. Using the loan formula, Caleb's monthly payments would be approximately $131.86.


How much interest is paid on a 52000 loan if the monthly payments are 450.23 for years?

110,082.80


What would be the monthly repayments on a 230000 loan?

To calculate the monthly repayments on a $230,000 loan, you'll need to know the interest rate and the loan term (in years). For example, with a 4% interest rate over 30 years, the monthly payment would be approximately $1,099. You can use the formula for monthly payments or a mortgage calculator for different rates and terms to find the exact amount.


What loan conditions would result in higher monthly payments?

Higher interest rates.


What are monthly payments on a 14000 car loan?

Depends on your interest rate and the length of the loan... could be one year, two years, three years, etc.


How much interest is paid on a 52000 loan if the monthly payments are 45023 for 30 years?

110082.80


What would payments be on 4200. at 20.45?

To calculate the payments on a loan of $4,200 at an interest rate of 20.45%, you would need to know the loan term and whether the interest is simple or compounded. Assuming it's an installment loan with a fixed term, you can use a loan calculator or formula to determine the monthly payment. For a specific example, if the loan term is 12 months, the monthly payments would be approximately $426.65. Please provide the loan term for a more accurate calculation.


How much interest is paid on a 52000 loan if the monthly payments are 450.23 for w years?

To calculate the total interest paid on a $52,000 loan with monthly payments of $450.23 over a certain number of years (w), first determine the total amount paid by multiplying the monthly payment by the total number of payments (12 months × w years). Then, subtract the original loan amount from this total to find the interest paid. The formula is: Total Interest = (450.23 × 12 × w) - 52,000. You would need to specify the duration (w) to calculate the exact interest amount.


How much extra payment toward principle would you have to make to pay off 30 year loan with 128000.00 remaining on loan making bimonthly payments at 6.42 interest in 5 years?

To pay off $128,000 in 5 years at 6.42% interest you would have to pay almost $30,000 a year ($29,996.08 if my calculations were right). Monthly payments would be $2499.68, so I suppose bimonthly would be $1,249.84. You did not say what your current payments are or if they are monthly, but you would have to specify that anything over your current payment would have to go to principal.


What are the differences between an automobile lease and an automobile loan?

When you take out a loan to buy a vehicle, you will be asked to make monthly payments for a certain number of years. At the end of that time you will own the vehicle. When you lease a vehicle, you make monthly payments for a certain number of years and then you give the automobile back to the dealer.


Where can one get an unsecured loan with low monthly payments?

There are many places one might go to obtain an unsecured loan with low monthly payments. The best resource for many individuals would most likely be with one's financial institution.