In order to calculate the monthly payments on your loan, the bank adds the interest to the ___ and divides the total by the number of months A.tenure B.principal C.charge account D.duration 点击查看答案 广告位招租 联系QQ:5245112(WX同号) 你...
In order to calculate the monthly payments on your loan, the bank adds the interest to the ___ and divides the total by the number of months. A、tenure B、principal C、charge account D、duration
If your monthly loan payment is $1,057 and your nominal annual mortgage rate is 6% for 40 years compounded monthly, how much total interest will you pay over the life of the loan? Suppose you bought a car and you borrowed $30,600 for 72 months at a fixed 0.287500% mo...
When you make monthly payments on a loan, it helps to know how long you have left to pay it off so you can better budget your money. By using a formula and some basic information about your loan, you can calculate the number of months until you're free of the debt. This formula wo...
compute. The variable r is the monthly interest rate on the loan, V is the initial principal amount borrowed and n is the number of months you have to pay off the loan. If you are paying on a schedule other than monthly, use that amount of time rather than months to compute the ...
This calculation can be done every month with this formula, although it would be time consuming. The loan calculator can make this calculation for each of the 120 months. Notice that finance charges are reduced every month after a payment has been made, indicating that making principal payments...
For example, you’ll save a little over $1,000 in interest charges on a $20,000 loan with a 5 percent APR if you pay it off in 36 months versus 60 months. 36-month term48-month term60-month term Monthly payment$599.42$460.59$377.42 ...
A loan term is the time a lender agrees to stretch out your payments. So if you qualify for a five-year auto loan, your loan term is 60 months. Mortgages commonly have 15- or 30-year loan terms. The months it takes to repay the money you borrow can significantly impact your interest...
If you request and aregranted a forbearance—basically, a pause on repaying your loan, usually for about 12 months—keep in mind that even though your payments may stop while you’re in forbearance, the interest will continue to accrue during that period and ultimately will be tacked onto yo...
> Contract period: 24 months Which function could I use to calculate the montlhy payments the customers would have to pay to loan this medical device? I thought I could use the =PMT() function: > Rate: 0,8% (monthly depreciation rate, since I can't think of any other rate to use...