0
What else can I help you with?
A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?
The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12
What equation shows how installments loan are calculated?
amount financed = cash price - down payment
What does the word mean mean?
See mean-8. Or get a dictionary.
What mean word xu?
That is not a word in the English language.
Does the word product mean add?
No it mean to multiply
How do you spell installments?
installments is the correct spelling.
What does the name emi mean?
Equated Monthly Installments: Hire, purchase, lease, or loan-repayment installments that are constant in amount, and are usually collected in advance as post-dated checks.
What is the English word for making payments over a period of time instead of all at once?
paying in installments; the installment plan
What is the word for money paid monthly on a property bought?
A property that is bought by means of monthly payments is said to be paid by installments.
How many installments was The Pickwick Papers published in?
"The Pickwick Papers" was published in 20 monthly installments.
Can you use installments in a sentence?
This amazing product can be yours for just pennies a day in 99 easy installments...
What are the release dates for Love and Installments - 1915?
Love and Installments - 1915 was released on: USA: 13 September 1915
How you want to buy laptops in installments?
Never buy a computer on installments. If you cannot afford to pay cash save your money until you can. The only 2 things you should ever buy on installments is a vehicle or a home.
What actors and actresses appeared in Love and Installments - 1915?
The cast of Love and Installments - 1915 includes: Albert Ray Will Rex
What does it mean when a book is published serially?
A serial novel is a novel that is published in chronological parts, either as separate books or periodical installments.~E
How do you buy gold by installment?
What are gold installments?...
Can you pay in installments for lie detector?
Nope.
