Find the periodic payment R required to amortize a loan of P dollars over t yr with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 4, t = 16, m = 2
In some cases, you may even develop a negative amortization, not paying the full interest on the loan in. Find the payment necessary to amortize a loan of $38,000 in 13 years if payments are made semiannually and interest is charged at a rate of 8.125% compounded semiannually.
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Find the payment necessary to amortize a loan of $38,000 in 13 years if payments are made semiannually and interest is charged at a rate of 8.125% compounded semiannually. (Round your answer to the ne.
SOLUTION: can someone please help me with this: Find the payment necessary to amortize the loan. $12,100; 12% compounded monthly; 48 monthly payments $313,57 $318,64 $1458,32 $318. Algebra -> Finance -> SOLUTION: can someone please help me with this: Find the payment necessary to amortize the loan.
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Find the payment necessary to amortize a 6 0 loan of $1500 compounded quarterly, with 6 quarterly payments. Find (a) the payment necessary to amortize the loan and (b) the total payments and the total amount of interest paid based on the calculated quarterly payments Then create an amortization table to find (c) the total payments and total amount of interest paid based upon the amortization.
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Question: Find the monthly house payment necessary to amortize the following loan. $700,000 at 6% compounded monthly for 30 years with a 20% downpayment. To generate an amortization calculator for a fixed-rate mortgage, use the calculator below.
How Do Banks Calculate Interest On Loans The loan to value (LTV) ratio dictates how much a lender is willing to lend. Many banks and financial institutions use an LTV of 80%, which means they won’t let you carry debt that is more than 80% of your home’s value. This debt includes your current mortgage as well as the new loan or line of credit.
The loan payment calculation for an interest-only loan is easier. Multiply the amount you borrow by the annual interest rate. Then divide by the number of payments per year. There are other ways to arrive at that same result.
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Click "calculate" to get your monthly payment amount and an amortization schedule. The effect of prepayments Now use the mortgage payment calculator to see how prepaying some of the principal saves money over time.
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