how much  a month is on $100,000 at 5% interest?
84599
Interest is quoted as annual rates, so 5% a year would be 5/12% per month, or 0.4167%.  We were talking about $100,000, so it would be $416.70 interest.  \n\nHowever, unless the interest is paid to you in the form of a check, it is probably compounded.  The second month the interest would then be paid on $100,416.70.  Also, interest is sometimes compounded more or less frequently than once a month.  Some banks go as far as to compound daily.  That is done with a computer, not a pocket calculator!\n\nI assumed the question was about earning interest, not a loan, because the figures are more realistic that way.
321574
Okay...\n\nYou've made $8250 from the first 100k, that's established.\n\nThat means you've made another $7000, at a rate of 5%.  (Add $140,000).\n\nSo you've got a total price of $240,000 for the property.
655545
usually 30% should go to housing*  what would 600 a month\nbuy  $750 a month would buy a house with no money down..\nlet me know **
1146788
The formula for compound interest calculation is  \nFuture Value = Principal (1 + monthly interest rate*12/100 )^no. of years\nHence $100 would become = 100(1+ 1.67*12/100)^5\n= $ 100(1+20.04/100 )^5\n= $ 100 ( 1.2004)^5\n= $ 100 * 2.4924697\n= $ 249.25 (rounded to two decimals)
225942
it all depends on the interest rate and the terms of the loan.....if you only need the 20,000, then dont take the loan out for 100,000, because then you will be making payments off the loan size of 100,000
560434
They are telling you that the 8% interest on the amount financed by the bank is $600.  They are telling you what the simple interest is on the amount financed for the first month.\n\nInterest = Principle*Rate.  Assuming that the 8% interest is an annual rate, what would that be for one month?  8%/12 = 2/3% or .00666666.\n\n$600 = Principle * 2/300.  So, the amount borrowed or the principle was 600*300/2 = 90000 dollars.\n\nIf they borrowed 90000 dollars and it was 90% of the purchase price 90000 = 90%*Purchase price, that means it was a 100,000 dollar house to begin with.\n\nWe can do it backwards to check.  Start with 100,000 dollar house.  Now, make a 10% down payment and finance the rest, 90,000.\n\nThe first months payment on the interest would be 1/12 or the 8% on 90,000 or 1/12*.08*90000 = 600.  Yep, it was a 100k house.
301123
That is a good rate, but be sure to read the fine print...they can often increase the interest rate if you are late, don't pay a certain amount each month, or after a certain period of time.  It is better to pay it off each month if you can...then you are paying 0% interest...can;t get better than that!
253596
its around 4-5%. i have a student loan and my interest rate is 4.6%
890200
0% is exactly right.  You pay zero percent interest.  However there is always a catch.  If you miss a payment, all interest becomes retro active and suddenly you have interest up the waa zoo.  Also the interest rate is killer high.  I've seen over 24%.   If you don't pay it off in a certain period of time all interest becomes retro active and your in the same boat as above.  Read the fine print very carefully.  There is a catch in there some where.  Its a numbers game to them just like life insurance.  Most insurace companies will tell you at the begining of the year exactly how much they will pay in benifits, what they can't tell you is who it will be paid too.  Most people who write a loan know exactly how much money will be made in late fees.  What they can't tell you is exactly who will pay it.  If they write enough loans, they will make a fortune in late fees and interest.  So all they need to do is start writing zero percent loans to get a succor in the door (thats you by the way) who will say Oh look zero percent.  But in the course of the loan, you will screw up some where along the way and boom they have you.  Your odds of escaping with zero percent all the way to the end of the loan is only about 5%.  Every one is late once.  Or fails to pay off quite in time to meet the dead line.  So if they write enough loans 5 people will pay off in time.  95 people will eat dirt.  Enough dirt to pay the difference on the 5 who got away with zero percent.  Further more they got more sales by using the zero percent come on.  At least half of the buyers who bought would not have done so without the zero percent hook.  So for the price of interest on 5 buyers they got 50 more buyers than they would have had.  \n\nread the fine print and find out what the hook is.  If you don't know, your odds of falling into the trap is almost 100%.  Best bet is to not buy at all.  wait till you have enough cash to pay for it in full.  If you can't save up enough money to pay it all, how can you make payments?  Don't be stupid.  Thats what they are counting on.\n\nOne of the writers above gave a personal story of exactly what they are up to and exactly what happens.  They are not alone.  It is designed to burn you.  \n\nRemember any time some one puts a contract under your nose, you can be sure that the contract favors the person asking you to sign it.
482935
There are plenty of companies that offer 100, 103 and 107% loan options.  Lending Tree.com would be a start.
298403
i'm not exactly sure how it works, but the 4.47% (or whatever it is) is the APR, the percentage of money you will make at the end of the year. they might pay you monthly, but it won't be 4 and a half percent a month but over the entire year.
267473
That is correct, but if you want to know how to figure that rate for each month it is the % rate divided by 12 months (3.99/12).  It is also important to know how it it compounded (some figure interest daily, and you pay more interest.  soem figure monthly), because it can mean a big difference in the interest paid by the end of year, even if it is the same interest rate.
974234
2.00% APY\n4.50%APY (10K) OR 4.75% APY (75K)\n6 MONTHS 4.75%APY (THAT'S THE BEST)
877431
She invests some portion of the 4500, call it x, in the 5% vehicle, and the remainder (4500-x) in the 9% vehicle.  She wants to earn 250 per year ... it depends on how often the interest is compounded, but since annual interest is the easiest I will assume that's what you'd use for your HW problem (unless you are in an advanced econ. class or something!).\n\nSo you have 250 = 0.05x + .09(4500-x), which you can easily solve for x from.
1160579
You should consolidate, since rates will be going up to 7% or higher.  The interest is deductible, but you're still paying more with higher interest rates.  Say you're in the 25% tax bracket, and have $10,000 in loans.  At 5%, you pay $500 in interest. The tax deduction on the interest comes out to $125, so you've paid $375.  At 7%, you pay $700 in interest, the tax deduction is $175, you've paid $525.  The worse the interest rate gets, the more (net) you'll have to pay.
146461
$5000 saved in an account earning 4.75% yearly, compounded daily, will yield $243 in one year. If it's compounded daily, your monthly return will vary, but it averages out to $20.25 a month.\n\nDinkytown has the best free calculators anywhere, below:
1074668
Currently ('05-'06), it's .5675 per $100.