If you borrowed £25,000 over 36 months...?
88107
Future Sum Formula could be:\n\nF = P (1 + i)^n  where:\n\nF = future sum\nP = present amount (borrowed)\ni = annual interest rate, in decimal\nn = no. of yrs. to be computed\n\nF = 25,000 ( 1 + 3.63% )^3\nF = 25,000 (1 + 0.0363)^3\nF = 25,000 (1.0363)^3\nF = 25,000 (1.0363)(1.0363)(1.0363)\nF = 27,822 after 3 yrs.\n\nLet M = monthly repayment\n\n36M = F = 27,822\n\nM = 27,822 / 36\n\nM = 772.83\n\nTherefore the monthly repayment amount, M, is around 770 Pound Sterling.\n\nThere is a slight variation in the answer perhaps because they (the bank) might have used a different formula or perhaps they used a rounded figure in some of the values. But generally, this is how future amounts are computed if interest is compounded annually. O.K.?
901255
Pay off the debt first, but keep $5,000. Then take the $5,000 and put it in a high interest bearing account or term deposit account and don't touch that $5,000 for 10/15 years. By that time he would have gone a little further in paying off his debt with his own money and the $5,000 in the high interest bearing account or the term deposit account would have ballooned to a tidy little sum which he can then further apply to his debt or have on hand for emergencies.
1022764
It depends if you are able to pay it back.
118528
You didnt say whether you wanted your initial investment back. That is (a) do you want to receive $1600 per month which includes interest and repayment of capital? Like an annuity. Or (b) do you want $1600 per month interest and then repayment of your investment capital at the end of 3 years? \n\nFor (a) you'd need $50,000 and for (b) $192,000\n\nAlso I have presumed by 10% you mean per annum rather than for the whole term.
589919
Oh yeah, I have suffered a lot if I tell you how much? may be you won't believe, therefore, I won't mention in figures. \n\nFriends do know that I won't refuse and they tell me various stories to borrow money but they never return.\n \nSome people have said, I must change my habit of helping people.\n\nThe most common way of borrowing is like this:\n\nHello, Hi, how are you doing? Un... in fact I got very serious problem/sickness/family problem. Right now I am badly in need of money and surely NEXT WEEK I will return you.\n\nThat next week become month then year and then years.\nAccording to my experience those who want to borrow money they won't return. Therefore, it is said, never lend Money and Wife it will not come back.\n\nnihon94@yahoo.com
948011
no they will cut the benefit,so you repay the outstanding balance back - i.e 5 pound a week etc.
754068
usually catalogues give you a 52 week account. So it would work out around £50 a month to clear it!
931537
nearly everyone gave you the correct answer of £8k+\nbut i say 45% is a ripoff!!\ngo for 50%  i dont know what the hell you involved with but go for 50%\n\n\nfu.ck em get half!!
827769
You would be charged an over the limit fee every single month you were above 3K... I hope you can pay it off fast, otherwise you are going to pay alot of finance charges. I don't think they can "punish" you though... just charge you and maybe close your account to new purchases.
952302
if you are paying back 357,50 per calendar month you are paying 47190 in all which is 14690 interest. This is 45.2% over 11 years or 4.1090 per annum. Your interest on the first month is 110, second month 109 etc etc (I am leaving off the pennies.)\n\nIf you pay 2500 EXTRA ie 2867.50 on the 12 th month of every year your payments will finish on month 68 witn a payment of 232.34, having paid 3882.136 interest.
110431
put a little aside every day. i just took $5 out of my wallet everyday, before i left for work. if you do that for a week then you have $35. for a month that's $150. if you do it for a year then you have $1825. it may not sound like much, but it worked very well for me.
520729
Do like the rest of us and pay it off in small increments over the next thirty years. While getting screwed by interest rates.
773792
If you mean "statute" of limitations, then yes, there is one.  However, the time doesn't begin to run until the debt was due. some 10 or 20 years after you borrowed the money.  Furthermore, if it was guaranteed by the government, as most were, then the debt to feds wont accrue until the feds pay it off and come after you.  So, while the answer is yes, it is unlikely you will get away with stealing the money by not paying your debts.
614457
borrow loads more money....hee hee  !!
90176
compound interest would make it roughly $26153.57 / month.  Of course I'd like to point out that rate would be illegal and I think you can do far better than that irl.\n\nThe total cost of this loan is more than 3x the original amount.
396911
Pay it, if you cannot afford it try to maintain the interest low by talking with the bank. Or borrow the 14,000 from somebody.
1109808
Are you sure you have written the problem correctly?  As of right now, the answer is infinite or never.\n\nAfter the first year's interest at 18%, that's an extra 9000 added on.  If you're only paying 4900 annually, the loan amount will just increase forever.  I could be missing something obvious, though.