If I borrow $170,000 and to be repaid over 20 years at 6%. How much I have to pay every 3 months?
444959
I'm assuming the interest is compounded quarterly since your payments are quarterly.\nFormula:\nP(1+i)^n = pymt[(1+i)^n - 1]/i\nwhere P = loan amount, i = periodic interest rate, n = number of payments and pymt = payment amount\nP = 170000, i = .06/4, n = 20*4 = 80\n170000(1+.06/4)^80 = pymt[(1+.06/4)^80 - 1]/(.06/4)\npymt = $3663.21\nSince the problem did not state how often it is compounded, then you assume it is compounded according to your payments.  A payment every 3 months would be 4 payments a year -> so quarterly payments -> quarterly compounding - this is why I divided the interest rate by 4 and then multiplied the number of years by 4.\n(I just taught this to my students about a month ago, so this should be right.)
1109680
Anyone offering to lend you 5X your joint income is a shark and you will pay more for the money than it is worth.  This is called Predatory Lending.\n\nThe old "rule of thumb"as that your total debt to income ratio should be no more than 36% of your monthly gross. There is a bit more flexibility now with the new automated underwriting systems.
1172643
You'll pay about 18-20% interest.  Unless you paid it back fairly quickly, you could end up paying back a huge amount of money in interest. If at all possible, I would hold off on whatever it is you want to buy until you have the cash.
528186
At 7% for 360 months your payment will be $1516.89. You want your DTI to be below 50%, thus $3,050.00 would be your mark.
93781
How much money are we talking about and what interest rates are you paying?
612266
If you have Excel, try this formula.\n\n=PMT(.178/12,36,2494)\n\nArguments are nominal interest rate divided by twelve, 36 months, loan value.\n\n$89.91 monthly payment
900883
You are correct; \n\nIf you borrow ₤1500 at the interest of 14%\n\nYou will be paying back ₤1710 as the interest is ₤210 (value of 14% of ₤1,500)\n\nYou will be paying the Principal (₤1,500) plus the interest (₤210)\ngiving you a total of ₤1710.\n\nYou are not stupid, no one knows it all.
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
351921
0.3 as percentage is 33.333333333333% (the last 3is recurring) \n\n13/20 is 65% \n\n(13/20) x 100 = 1300/20 = 130/2 = 65%\n\nYou haven't said what the interest rate is so I'll assume it's i% .\n\nInterest is normally specified as a percentage over a year (12 months).\n\nSo interest on $65000 for a year is \n(65000 x i)/100 = 650 x i\n\nFor 18 months it is \n\n$(650 x i) x (18 / 12) = 9(650 x i) x 3) / 2 = \n\n325 x i x 3 = $975 x i\n\nOver 18 months  over 12 months
830861
Your question is not complete.\nHowever, I am assuming you mean 12% apr, or 1% per month.\nSimple interest (no compounding) will earn her $1170 in 18 months.\n6500*.12/12*18 = 1170. She earns $65 per month.
845814
Usually 3 payments . One at september , january and april
1050038
p = principle\nr = interest rate per period(as a decimal)\nIf the rate is 6%(0.06) a year paid every month\nr =0.06/12 =0.005\nn = number of payments\n\nmonthly payment = p*r/(1 -(r+1)^(-n) )\n\nIn your example\nr =  16/1200 = 0.013333...\np =100000\nn =60\n\nmonthly payment = 100000*0.013333/( (1 -1.013333)^-60)\n= 2431.81
689019
Student loans take time to pay back. Typically you are allowed up to 10 years. Don't think you owe all 18 grand immediately. \n\nSet up a monthly budget and pay your monthly loan payment on time. That way you won't default on the loan. \n\nUsually, you are given 6 months from the date of graduation from college before you owe your first payment on the loan. That way you have time to find a job, get settled into an apartment, etc. before the loan payments start.\n\nOne more bit of advice. Pay extra on the loan every month (towards the principal) if possible. That way it won't take as long to pay it all back, plus you won't pay too much extra for the loan.
728137
You will need to pay $888.49 per month for the first 11 months and a final payment of $888.47 in the twelveth month.\n\nGood luck to you.
637299
Dear Lender,\n\nI would like to request a ________ month/year loan for $X, the purpose of which is to ___________________. For collateral, which will have a value of at least 125% of the loan, I am prepared to grant a security interest in the following property:\n\nThis loan will be repaid from _____________________.  I look forward to discussions with you regarding this request.
766043
On a thirty-year term, the principal & interest payment would be $1,239.92.  Don't forget to add taxes & insurance to the equation when determining what is affordable for you.  And, keep in mind, if its affordable, and you'll be in the home long term, consider a 20-year term at $1,461.74 a month PI.\n\nI use a financial calculator, but here's a site you can use to run a bunch of different scenarios...
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!