







Loan payment formula 
20190224 

From Kenneth:
I have a question regarding the loan payment formula shown below.
Calculating the Payment Amount per Period
The formula for calculating the payment amount is shown below.
Simple Amortization Calculation Formula
A = P X r(1 + r)n over (1 + r)n  1
where
A = payment Amount per period
P = initial Principal (loan amount)
r = interest rate per period
n = total number of payments or periods
Is this formula/calculation a condensed version of a longer calculation? I am curious to know how the (1 +r)n  1 was developed from the longer calculation. For example, r(1 + r)n may have been (r + rn)n. The n's are exponents.
I thank you for whatever helpful explanation that may be provided.
Kenneth Answered by Harley Weston. 





Paycheck after deductions 
20140223 

From Louise: So I got a paycheck for 89.02 they took out in deductions 15.69.
I want to know the percentage they are taking out so that I can figure my take home pay each week before I get it. So I know what to expect for pay each week so I can budget my bills from now on a weekly basis. If I know the percentage than I can just figure out the percentage through how many hours in the week I worked and multiply my gross pay and know what my take home will be Answered by Penny Nom. 





Splitting the mortgage payment 
20100409 

From Jodi: What percentage of $2,500.00 (monthly mortgage payment)would I pay per month  if I make $2,200.00 per month and my partner makes $6000.00 per month?
Thank you. Answered by Tyler Wood. 





Payroll deductions 
20090329 

From Jim: I want to set up a spread sheet where i can enter my hourly pay or gross income,
and calculate my tax deductions. I have my old pay stubs but I am stuck when I
take the amount of the deduction and try to figure out the % used to calculate the amount
for example gross pay $1359, EI= $64, Fed Tax=$129, Prov tax = $35
these numbers I have provided are random but I think you can get the idea Answered by Penny Nom. 





26 paychecks 
20090121 

From Kenneth: Hello:
If someone is paid every two weeks, he receives 26 paychecks per year, (52 weeks/year)divided by (2 weeks/1 check) equals 26 paychecks per year.
However, if the calculation uses days instead of weeks, the answer is not exactly 26 paychecks. For example, 365 days divided by 14 days per paycheck
equals 26 1/14 paychecks. Fourteen days is equivalent to two weeks, isn't it?
Why is there this fractional amount of 1/14 of a paycheck? Answered by Robert Dawson and Victoria West. 





Our company charges a 4% margin 
20071113 

From Nadja: Our company charges a 4% margin on top of a pay rate to obtain the total charge rate. A
client is denying that the total charge rate is calculated in the following
way:
Pay rate/0.96 = Charge rate
Please could you provide me with an explanation which I can pass on as
to why it is calculated in this way? Answered by Penny Nom. 





Total payments for a loan 
20071011 

From Robin: A person is going to arrange a loan at 3 mill. he will pay 150000 back each year , so it
take 20 yrs. to finish. In addition he pays 5% interest of what is leaft each year.
How do I find the sumfunction which shows the total sum he have payed? Answered by Stephen La Rocque. 





Paying off a loan 
20070808 

From Iona: I borrowed $6000. 00 from a friend to pay school fee.
He said I should not pay back any interest but pay $350.00
monthly after graduation.
(1) Make an equation from the above
(2) make a graph
(3) what is the relationship between the months after graduation and the loan?
(4) what is the horizontal and vertical intercept relate to the problem? Answered by Stephen La Rocque. 





Comparing two pay scales 
20070503 

From san: Mable is offered a job selling magazine subscriptions. She has the choice of two pay scales.
Pay scale 1:
She can be paid $0.65 for each subscription she sells.
Pay scale 2:
She can be paid $0.10 for the first subscription, with the wage gong up $0.05 more for each subscription after the first.
For her first sale she would make $0.10, for her second sale she would make $0.15, for her third sale she would make $0.20,
and so on.
Please compare and analyze the two scales. Which scale is better? Answered by Penny Nom. 





Grossing up payroll wages 
20060827 

From Katie: I really need to understand (spelled out step by step) how to gross up payroll wages. Answered by Penny Nom. 





A loan of $50,000 
20051214 

From Fre: A loan of $50,000 taken today is payable within five years.
a. determine the annual payments within to be made to repay the loan if interest is charged at a rate of 10% compounded annually
b. show the amortization schedule Answered by Penny Nom. 





Real Pay 
20051107 

From Judy: Is there a formula for computing "real pay"? Example  you are offered a position in your home town for $A, and another position in another town for $B. To work at $B job there would be so many hours in commute time involved (z), and a real daily commute cost (either train, bus, or auto mileagewear, etc.) (x). How would you calculate the real pay of job $B in relation to job $A?
Answered by Claude Tardif. 





Wages for one month 
20040920 

From Janet: if offered $10,000 or 1 cent on the first day and then doubled daily for one month which would you take ? Answered by Harley Weston. 





Monthly payments 
20010612 

From Anthony: This question is base on my interest. I would like to know the formula for calculating this example: If you borrow $10,000 from a bank with an APR of 11.7% to be paid off in 5 years, what is your monthly payment? Answered by Penny Nom. 





Rule of 78 
20000322 

From Dan Baumgarten: Can you explain the rule of 78 and the reverse rule of 78? Thanks. Answered by Claude Tardif. 





Compound Interest 
19990701 

From Kim Palmer: In early 1997, my son borrowed $4831 at 7.5%. He has made 30 monthly payments of $130 each. He is now in a position to pay off the balance. What is his remaining principal? Answered by Penny Nom. 





Pay Phone Problem 
19980226 

From Shameq: Hi, I've been given a problem that I'm having some trouble with. I'd really appreciate any help. Here's the question (it's called the Pay Phone Problem) A pay phone will take only 10p, 20p, 50p, and £1 coins"(It's British). A woman has plenty of 10p and 20p coins. She has no other coins. She can put the coins into the pay phone in any order. INVESTIGATE the number of different ways, she could put the 10p and 20p coins into the pay phone. Answered by Penny Nom. 





Une réduction de 40% 
20050421 

From Isabelle: une famille composée de 3 enfants, et 2 adultes partent en expédition.
ils payent au total 80€ sachant que les enfants bénéficient d'une réduction de 40% combien payent les parents et les enfants ? Answered by Claude Tardif. 

