How to figure a blended rate of interest for a first and second loan?
612939
If the first loan is $100,000 at 10%, and the second loan is $20,000 at 15%, then the blended rate is:\n\n(100,000*10% + 20,000*15%)/(100,000 + 20,000).
457588
Simple interest has its own formula\nFV = P(1+rt)\nwhere FV is the future value(in this case the amount due on the loan), P is the principle, r is the rate and t is the time(in years)\nP = 1780, r = .12 and t = 6/12 = .5\nFV = 1780(1+.12(.5)) = 1886.8\nFor compound interest, use the formula\nFV = P(1+i)^n\nP is the principle, i is the interest rate divided by the number of times it is compounded per year, and n is the number of times it is compounded (n is in terms of months, years or whatever the problem states.\nFor example:\nIf it is compounded monthly, then\ni = .12/12 (divide by 12 because there is 12 months in one year) and r = 6 months\nFV = 1780(1+.12/12)^6 = 1889.51\nIf it is compounded annually, then\ni = .12/1 (because it is compounded once a year) and n = 6/12 = 1/2 years\nFV = 1780(1+.12/1)^(1/2) = 1883.77
165316
So what if the rate in the 9th year is 5% and then the rate in the 15th year is 15% and all other 10%?\n\nUh oh......\n\nUse a spreadsheet program and you can investigate differences much more easily.
486285
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.
556597
You want to check bank interest rates on line, compare, and then decide.\n\nWorld Savings and Loan I worked for many years ago, they don't always have the best rate available.
1008630
Alright...  I'm kinda confused with all your info but...\n\nN = 60  (5*12)\nI = ??\nPV = 19,000  ($22,000 - $3000 down payment)\nPMT = -350 (negative because you need opposite signs)\nFV = 0  (so it paid off in 60 months)\nP/Y = 12  (periods per year)\n\nI think interest is what you are looking for.  Which is approx. 4.01% when the above is solved.  4% is a REALLY good rate for right now but the current average for new car loans is about 5-10% depending on your credit.  4% is possible from a promotional standpoint.  I'm not sure why you are trying to find the future value of your down payment in the second set of information.  Basically, the information I typed aboves means that if you take a loan out for $19000 and pay $350 per month for 5 years, it would be paid off, using 4.01%.  \n\nThe PV of the car is what you are taking the loan out for.\n\nYou would only want to take a loan out for a down payment IF the interest rate is better than the interest rate of the car loan, which is unlikely.  \n\nI recommend paying as much of a down payment as possible and make as large of monthly payments as possible.  Make sure that when you make payment above the $350, that you state that it is for Principle Only, this way your loan will get paid off faster and you will pay less interest.\n\nHopefully this makes sense... let me know if I've confused you.
798202
Interest = Principal X Rate\nRate = Interest / Principal\nRate = 275 / 2500 = .11 = 11%
749623
Simple Interest\nA = P *r * t\n\nCompound Interest (monthly)\nA = P(1 + r/12)^(12t)\n\nA1 = P(1 + .075/12)^(12*30)\nA2 = A1 * .06 * 1\n\nP(1 + .075/12)^(12*30) * .06 * 1 >= 12000\nP >= 12000 / ((1 + .075/12)^(12*30) * .06)\nP >= $21,227.97
783995
One of the possible reasons is that the interest for the period between your actual *loan closing day* and *the day your loan account begins* should have been added to your very first monthly payment.\n\nStarting from your 2nd payment any online amortization calculator must show the correct interest part.
111334
If you are looking for interest only, here is the formula:\n\n((Loan Amount) x (Interest Rate))/12 = Monthly Payment.\nIf you are looking for fully amortized, the best way to do it is find a mortgage calculator on the internet.  \n\nMy website has one.  http://www.eastbaylending.com
1042862
Interest rates for any new Federal Stafford loans made after July 1st will will be 6.8% for all borrowers (in-school or otherwise).  \n\nIf you already have a *variable* rate Federal Stafford loan, your rate on that loan will remain variable and will be expected to increase to 6.54% (for borrowers in school, grace, or deferment) or 7.14% (for borrowers in repayment).\n\nInterest rates for any new Federal PLUS loans made after July 1st will will be 8.5% for all borrowers (in-school or otherwise).  \n\nIf you already have a *variable* rate Federal PLUS loan, your rate on that loan will remain variable and is expected to increase to 7.94% for all borrowers.\n\nPerkins rates and terms will effectively stay the same (5% fixed rate).
1177205
It is already been pointed out that the 4.23% is an annual rate.  Banks compound interest daily using the annual rate divided by 360.  This means that if you put $20,000 in the bank for a year, you should have:\n\n$20,000 * (1+.0423/360)^365 = $20,867.36\n\nat the end of the year.  That averages out to $73.03 per month (though it is less in the early months and more in the later months).
16707
Yes, go here and use one of the calculators offered...\n\nhttp://mortgages.interest.com/content/calculators/index.asp
651929
Loan amount = L\nInterest    = I\nTaxes       = X\nInsurance   = N\nTerm in Yrs = T\nPayment     = P\n\ntherefore: P = (((L * (I/12)) + L) /(T/12)) + X/12 + N/12
510436
I=PRT Where I=Interest, P=Principle (initial amount), R=Rate, and T=Time\n\nThe first question is insoluble, as it lacks the necessary interest regarding the amount of time the loan is held.\n\nFor the second question, use the formula.\nI=PRT\nI=($10,000)(.08)(5)\nI=$4000\nThe total amount she owes will be principle plus interest, or $10,000+$4,000=$14,000.\nSince we want to know her monthly payments, determine the number of months she will be making payments. Five years times twelve months equals sixty months. Since the payments will be equal, divide the total amount of payment by the number of months. $14,000/60 months= about $233.33/month.
461645
Even though your first mortgage rate is at 5.625%, you would have to consider your blend rate if you opt for a second mortgage. Either way (HELOC or HELON), your interest rate will be much higher than your current rate, so if your blend rate matches or is better than the current interest rates now, then you might be better off just refinancing your property. You also have to consider how long you plan on staying that the current location know. This will allow you to know if your going to recover the cost of the refinancing. Obviously if you do a HELOC or HELON and there are costs associated with them, you will not recover the cost of those items, unless you factor in the interest of the debt consolidation and what your saving in doing that. If you need clarification, feel free to contact me directly.
894668
the equation for interest is I=p*r*t\n\nso plug in 400 for I, 5000 for P and 4 for T(time) in years:\n\n400=5000*r*4\n\nthen you just solve for R\n\n\nhope that helped