If a loan of $2100 at %15 for 1 year is to be paid back in 1 payment at the end of the year. How much?
105026
2100+(0.15 x 2100)=\n2100+315=\n2415
922602
define i = apr/12\nP = quantity (principle)\nn = time (months in this case)\n\nThe calculation formula for payments is\n\np = iP/(1-1/((1+i)^n))\n\nplugging in the numbers,\n\np = (0.01/12)(17,500)/(1 - 1/((1+0.01/12)^72))\n\nOh, if you just want future amount at compound interest, \n\nA(i,n) = A(1+i)^n\n\nA = 17,500(1+0.01/12)^72
613811
Depends.  \n\nFor individuals\nLate mortgage payment fees, yes, as interest  in year paid.\n\nPrepayment of next year's payments - only January's, which is actually accrued by December's month end, and only in year paid..  You should pay in time to have it included on 1098 issued by mtg.holder to avoid questions.\n\nYou can deduct penalty prepayment fees as interest the year paid.  These fees should also show as interest on a 1098 form issued at year end.
836630
Example for a geometric series:\nSuppose you apply for a $10000 loan at a bank and you would like to repay it in 10 years in uniform yearly payments. The interest rate is 10%. How much is your yearly payment going to be ?\n\nIn finance, getting a dollar next year is worth less than getting a dollar now. It is because if the interest rate is 10% then if you have a dollar now and lend it to the bank for a year then you'll have $1.1 next year. How much of today's money is equivalent to $1 next year? The answer is 1/1.1, because if you have $ 1/1.1 dollar now and invest it for a year then you'll have exactly $ 1/1.1 * 1.1 = $1 next year. Similarly, having $1 in two years is equivalent to having $1/1.1^2 now. This is the so-called present value of future payments. Dividing by 1.1, 1.1^2 etc. is called discounting.\n\nThis means that if your yearly uniform payment is denoted by let's say C, then, in present value, the bank will get:\n\n$ C/1.1 + C/1.1^2 + C/1.1^3 + ... + C/1.1^10 from you.\n\nThis can be summed up using the formula for a geometric series:\n\nq + q^2 + q^3 + ... + q^n = (1-q^n)*q/(1-q), and in our case, q=1/1.1, and the sum is:\n\n$ C*q + C*q^2 + C*q^3 + ... + C*q^n = C*(1-q^n)*q/(1-q) = 6.14*C.\n\nAssuming that all charges and profit of the bank is included in the interest rate, the bank will be willing to give you $10000 if the present value of its future incomes from you is $10000:\n\n6.14 * C = $10000, which yields\nC=1627.45.\n\nThis means that your yearly payment will be $1627.45.\n\nFinance uses geometric series all the time. I'll leave the other applications to the rest of the answerers.
690043
If by the diminishing rate of interest you mean the APR (in the UK) - ie the rate that takes into account the fact that the loan will decrease in value over the term as it is repaid off....\n\nthen it will be slightly less than double the flat rate - so about 15%.\n\nNow this does depend on the size of the loan and the term - but it's a good approximation.
24128
This is my source: http://faculty.elgin.edu/mpelczarski/cis207/loanformulajava.htm.\nM = p * (a-1) / (1-a^-n)\n\nwhere\n\nM = monthly payment\np = loan principal\nn = number of months\ni = interest rate (%)\na = amortization factor = (1 + ((i/100)/12))\n\nFor example, for a loan of $200K with fixed rate of 6.0% over 30 years:\n\na = (1 + ((5/100/12)) = 1.005\nM = 200000 * (1.005 - 1) / (1 - 1.005^-360)\n\nor\n\nM = $1199.10
968009
from $180,000 to $210,000 i think
560434
They are telling you that the 8% interest on the amount financed by the bank is $600.  They are telling you what the simple interest is on the amount financed for the first month.\n\nInterest = Principle*Rate.  Assuming that the 8% interest is an annual rate, what would that be for one month?  8%/12 = 2/3% or .00666666.\n\n$600 = Principle * 2/300.  So, the amount borrowed or the principle was 600*300/2 = 90000 dollars.\n\nIf they borrowed 90000 dollars and it was 90% of the purchase price 90000 = 90%*Purchase price, that means it was a 100,000 dollar house to begin with.\n\nWe can do it backwards to check.  Start with 100,000 dollar house.  Now, make a 10% down payment and finance the rest, 90,000.\n\nThe first months payment on the interest would be 1/12 or the 8% on 90,000 or 1/12*.08*90000 = 600.  Yep, it was a 100k house.
1086855
The equal, annual payment for years 24 - 40 would be $40.\n\nIt's a multi-step process. First you must find the present value of the security at the end of year 23 - which is $364.87. Then you can find the payment amount using the PMT formula in Excel. The rate =.08, the NPER=17 (number of periods), the PV=$364.87 (present value), the FV=0 (future value) and the type=0 (payment at end of period) for an answer of $40.00049067.
1045967
Don't do it.  It's an insanely high price to pay for a thousand-dollar loan.  As for how much you have to pay monthly, that's impossible to tell unless you can also tell me how long they are giving you to pay it back.\n\nDon't cash it.  You'd be paying $37 monthly for principal and interest, plus a $37 monthly charge.  This would make a total of $74 month.  That's pretty close to an effective rate of about 73% and you would pay a total of around $1,600 for a $1,000 loan.
405838
If the loan is only $45000 and you want the payments under $600, first I would want to know if the taxes and insurance are included in your $600 payment.  Otherwise, it depends on you.  A 45,000 loan for 30 years at 15.8% is only $597.89 monthly.  That is a really high rate by today's standards.  A 12% rate, not bad for owner financing, is $462.88 monthly over 30 years.\n13.0% = $497.79\n12.5% = $480.27\n12.0% = $462.88\n11.5% = $445.63\n11.0% = $428.55\n10.5% = $411.63\n10.0% = $394.91\nHope this helps...
673860
To an extent yes as the loan is tax deductible.  The problem arises if the loan is for 15 years and the car only lasts 5.  That means you are paying an additional 10 years for something that you no longer have.
442604
I believe the answer should be $174,401.97  My finance teacher showed us that you can do pretty much any financial calculation in Excel.  That is what I used to calculate this answer.  All you need to do is open a blank worksheet, type each value (2500, 15 & 0.10) in different cells and then in a blank cell click the paste function button.  Since the periods are semiannual you will actually need to input 30 since 15 years times 2 periods a year is 30.  Also the rate will be decreased to 5% since again 10% a year = 5% per period.  In the Financial category there should be one listed as FV (future value).  A box will pop up asking you to input the necessary data.  It will then calculate the correct answer for you.  The answer will appear to be negative unless you make one of the values negative i.e. I input 2500 as -2500.  Be sure to put a '1' in the last box if the payments are made at the beginning of the period.  I hope this helps you.
880662
I've got the first part.  I/rt = P\nSo, 93.08/(.065 times 1.33) = 1076.69 dollars\n.\nHere is the second one, I hope. I = Prt .\nSo, 56000times .12 times 1 = 6720\nNow divide 6720 by twelve to find the interest for each month.\nIt's 560 \nSubtract 560 from the monthly payment of 619.36 = 59.36. This is the amount coming off the principal. So after one month the principal is 56000- 59.36 = 55940.64\nHere is the third one.\nI = Prt\nSo 387000 times >147 times 15 = 853335 dollars to be paid back in 15 years. Divide that amount by 180 months(15 years) and you get a monthly payment of 4740.75\nI hope those folks have really good jobs. Ha
750725
20 percent.\n\nGet a 15-year fixed mortgage for the rest.
299289
It depend on your personal income that year, but there is a Cap of 15%
258004
If the amount of the loan is P, the yearly rate is r, the number of payments per year is N and the number of years for the loan is T, then the payment per period is\n\nC=A(r/N)/[1-(1+(r/N))^(-NT)]