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 Topic: payment
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 Loan payment formula 2019-02-24 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. Splitting the mortgage payment 2010-04-09 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. Total payments for a loan 2007-10-11 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 sum-function which shows the total sum he have payed?Answered by Stephen La Rocque. Paying off a loan 2007-08-08 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. A loan of \$50,000 2005-12-14 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 scheduleAnswered by Penny Nom. Monthly payments 2001-06-12 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 2000-03-22 From Dan Baumgarten:Can you explain the rule of 78 and the reverse rule of 78? Thanks. Answered by Claude Tardif. Compound Interest 1999-07-01 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. Une réduction de 40% 2005-04-21 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.

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