a loan of $1500 will be paid back with 12% interest at the end of 27 months, what is the total amount due? if my mother lends me $6500 for 6 months and charge 9% interest, what is the interest charge on the loan?
199889
For the loan of $1500 at annual interest rate of 12%, amount to be paid back:-\nat simple interest - $1905\nat annually compounded interest - $1935.67\n\nFor the $6500 loan at annual interest of 9%, interest at simple interest - $292.5
391333
For these figures I assumed you meant 67,000 and not 697,000....Ok, you pay about $380/mnth intrest on loan 1, and $100/mnth on loan 2.  If you conslidated these two ($84,700) you would need a fixed rate of 6.9% to not pay more in intrest.  \n\nYou pay roughly $85/mnth intrest on your credit cards.  So, a refi rate of 7.2%  on  $93,700  would have you paying about the same in interest.\n\nI know that really doesn't answer your exact question, but I hope it's helpful.
450659
No, 7% means you get charged 7% on your balance each year. Yes during the first years only about 10% of your payment if applied towards principle. Get with your bank and get an amortization schedule which would tell you exactly how much of each payment gets applied where.  E-mail me, I have an excel file if you want one.
204810
OK, I have been in banking for 13 years and I cannot understand your question- Am going to try to explain what\nI THINK I understood. \n3 month cd or treasury bills, the rate you are quoted is the APY 4% - that is the annual percentage yield - the interest you would make on that money if it was to stay in that account for 12months at that rate. But since it is a 3- month, you will have to take the money out and invest it in something else. You cannot compound it because the deal expires after 3 months - Now does that make sense ?
269235
it will take just over 11 years to pay it off without interest. with interest it should take you about 21-22 years to pay off hope i helped x
493867
If there were no interest, answer (a) would be correct.\n\nSimply divide the amount by 36, and you come up with 427.6388888...which is rounded up to 427.64.\n\nLet me know where such loans are available, please....lol.
491385
You are correct; \n\nIf you borrow ₤1500 at the interest of 14%\n\nYou will be paying back ₤1710 as the interest is ₤210 (value of 14% of ₤1,500)\n\nYou will be paying the Principal (₤1,500) plus the interest (₤210)\ngiving you a total of ₤1710.\n\nYou are not stupid, no one knows it all.
221542
If u hav 10% interest to be paid then the total amount u will hav to pay is $22,000.00 coz 10% of 20,000 is 2,000.\nNow out of which u hav already paid $7,000 so the remaining amount to be paid=22,000-7,000=15,000. If u pay $400/month then the total no of months for which u hav to pay your loan=15,000/400=37.5 that is u will hav to pay $400/ month for 37 months and in the last month u will hav to $200. It will approximately take 3yrs and 2 months to pay your loan.
577031
Well, that depends on where the balance of $164,900 is coming from.   Is your down payment $90k or is your loan amount $90k?  \n\nRegardless, do a search on loan amortization tables.  You can put in the loan amount, term and interest rate, it will give you the monthy payment.  There are a ton out there (may even be one in Yahoo Real Estate section).
295440
18600 one year, compounded semiannually @7.5%\n\n=\n\n18600 *1.0375^2\n\n$20021.16\n\n\n\nsecond ques.\n\nx * 1.38 <=230\nx <=203/1.38\nx <=166.67\nmax price  = 166/67
78177
I agree with someguy on the first one..  pcp-- where you getting -10%???  If you sold half of the fish at 20%, and then the other half at -10% like you are...  then the total profit would be 20-10=10/2=5... It would be the avg...  If it were 10% instead of -10% then yes it would be 15% and you'd be right, but thats not the case\n\nAs for the 2nd one, I"m sorry I disagree with someguy...  You would be charged the interest for the first year b/c it says the amount owed at the beginning of the year..   The amount owed in the beginning of the first year is the full $4800...  5.5% interrest on the 4800 would come to $264 (use the formula %/100 = is/of in other words 5.5% of 4800 is what? so the "of" value is 4800 so it goes on the bottom...  it should be 5.5/100 = x/4800 so 100x = 26400 which reduces to x=264 -- sort of hard to explain on computer, but hopefully you know basic percentages and can follow along...  So at the end of the first year he paid $2264, of which $264 was interest..  This amount doesn't count towards amount to be repaid since interest is extra...  So at the end of the first year he paid $2264-264=2000 paid off....  At the beginning of the 2nd year, he owes $4800-2000=2800.....  5.5% of 2800 = 154, using the same formula as before...  Now at the end of the year, he pays 1354, of which the 154 was interest, meaning only 1200 was counted towards the loan (1354-154) which gives a remaining balance of $1600 (2800-1200)...  Now 5.5% of the 1600 would be $88, added to the 1600 would make the final amount due $1688...\n\nagain, answers are:\n1) $14,400\n2) $1,688\n\nNot 100% sure of these, been awhile since I've done any similiar problems, logic could be off...
503940
5% of $1500= $75\n20% of $1500= $300
557333
You want to find how long the contract is for.  Using the compound interest formula,\nA(t) = A (1+r/n)^(nt) where A(t) is final value, A is starting value, r is interest rate, n is number of times interest is counted in a year, t is number of years. In this case we want to figure t.  Thus,\n\n(15000+1684.65) = 15000(1+.074/2)^(2)(t)\n16684.65 = 15000(1+.074/2)^(2)(t)\n16684.65/15000 = (1+.074/2)^(2)(t)\n1.11231 = (1+.074/2)^(2)(t)\n1.11231 = (1.037)^(2t)\nln (1.11231) = (2t) ln (1.037) \n2t = ln (1.11231) /ln (1.037) \n2t = 2.93\nt = 2.93/2 \nt = 1.47 \nSo the term of the contract is 1.47 years or almost one and half year.
393190
I did this yesterday, I guess it didn't get included with the other answers.\n56000 times.12 = 6720 interest for the year\nDivide that by 12 months = 560\nSubtract that from the monthly payment = 59.36 is the amount coming off the principal\nso from 56000 subtract the 59.36 = 55940.64 is the amount of principal left after one month
343240
Check this link for your state CSEA and see what the rate of interest is:\n\nhttp://www.acf.dhhs.gov/programs/cse/extinf.html\n\nInterest is generally charged on a monthly basis (only on the amount unpaid).  You may want to clarify if the state your order is in charges interest on PAST SUPPORT (past support differs from arrears.  Arrears are unpaid amounts of a monthly child support obligation.  Past support is support which was ordered prior to your court appearance and establishment of an order--ie your heaing was in May and the judge sets current support of $200/mo and PAST SUPPORT OF$800 for the months of Jan-April.  My state only charges interest on the unmet obligation of current support since the order began.  The $800 of past support will accrue no interest.  HTHs!
475204
multiply amount owed(pay off) by % and add. subtract that amount from the original amount. if I am understanding you correctly.
593689
p = principle\nr = interest rate per period(as a decimal)\nIf the rate is 6%(0.06) a year paid every month\nr =0.06/12 =0.005\nn = number of payments\n\nmonthly payment = p*r/(1 -(r+1)^(-n) )\n\nIn your example\nr =  16/1200 = 0.013333...\np =100000\nn =60\n\nmonthly payment = 100000*0.013333/( (1 -1.013333)^-60)\n= 2431.81