What is the simpl interest on a principal of $640.00 at the interest rate of 3.8% for a year?
969353
There is really only one step needed 640 x 0.038 = 24.32
1164552
Do you mean the present value of annuity of 1 per year, for 48 years, at 8% per year compounded annually?\n\n\n(1-(1/1.08^48))/0.08 = 12.19
220294
$1,994.30 in interest, plus the original $25,900, assuming simple annual interest of 8.4% and no missed payments if any were due during the time the loan was unpaid.
664621
Is it simple interest or compound interest?\nSimple interest:\nI = Prt\nCompound interest:\nI = P(1+r/n)^(nt) - P\nP = 100,000, r = .10 and t = 3\nFor simple interest:\nI = 100,000(.10)(3)\nI= 30,000\nFor compound interest:\nI = 100,000(1+.10/1)^3 - 100,000\nI = 133100-100000\nI = 33,100
251162
$1,067,500 more or less. \n\nThe formula is:\n\n(((1+i)^n)-1)/(i*(1+i)^n)*100,000\n\nWhere i = interest rate,  n = number or years
115696
Considering annual coupon payment, it works out to be 6%.\nFormula is    Rate of Interest = (Interest X 10) / (Principal X No. of years)  = 6000/1000 = 6\n\nReal rate of return = Nominal return - inflation rate\nwork out ... results will be 4,2,0,-2
16707
Yes, go here and use one of the calculators offered...\n\nhttp://mortgages.interest.com/content/calculators/index.asp
907503
She saved 1/3 of $8 or 8*1/3=$2.66
855944
Total amount due = capital + interest = 25000 + 10% * 25000 * 9/12\n= 26875
1117821
Excellent question. Hopefully it is a 15 year fixed.  That being said, your mortgage on a 15 year note is comprised of P.I.T.I. if you did not put up 20%. If you did, then it is only P. (principal) and I. (interest). When you pay extra towards the principal, the interest is lowered. TO get a calculator for this, go to Dave Ramsey's website. See below. GO through Financial Peace University while you are at it.
616035
A 30 year mortgage at 6.25% would give you a principal and interest payment of $768.72.
617540
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
73773
100 Rs become Rs 200 in 8 years if we add 12.5 Rs every year. So rate of interest should be 12.5 %
11219
To calculate compounded interest:\nBalance=Principal*(1+rate/compounds per year)^(number of years*compounds per year)\n\n$6000*(1+.06/2)^(3*2) is about $7164.31.
426247
For the second part, use the formula\nFV = P(1+i)^n,\nwhere P = 2400, i = .055, n = 4 and you are looking for FV\nFV = 2400(1+.055)^4 = 2973.18\n\nFor the first part:\nIs it compounded annually?  If so, then you will owe\n6000(1+.12)^6/12) = 6349.80
467388
$10,000 * (1 + .09/12)^36 - $10,000 = $3,086.45\n\nDo I get 10 points?\n\nRaizon used the wrong interest rate.  The rate is 9%
844754
I = Prt, \nwhere  I = interest, P = principal, r = interest rate and t = number of years\nP = 770, r = 3% = .03 and t = 9\nI = 770(.03)(9)\nI = 207.90