All Questions
Tagged with loans interest-rate
84
questions
1
vote
1
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201
views
Strategy to save the most on interest
I'm planning on applying for a credit card that offers 0% APR on balance transfers for 15 months and $0 balance transfer fees. I'm thinking on using this card to pay down some of my student loans.
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user19035
0
votes
1
answer
184
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Shouldn't nominal interest rates be illegal? [closed]
First of all, I'm really new to anything related to financial math and the like, but I just can't get my head around these nominal interest rates. The way I'm getting it is that it's just a euphemism ...
4
votes
4
answers
428
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What to do with this cash- pay off ONE card, or pay down a few?
I've got a $5k payment coming through with about $12k in CC debt, over 4 cards. 1 card is at $3000 (total line is $4k), 14.8% interest rate, another at $3450(total line is 4.5k), 19.3% interest rate, ...
- 41
2
votes
1
answer
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Calculating total number of monthly payments in Excel using NPER and PMT?
How to calculate the total number of monthly payments given the amount of loan ($275,000), the annual interest rate (4.35%) and the number of years (30)? I'm confused because I'm trying to use the ...
- 21
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4
answers
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How to calculate Annual Percentage Rate of a loan with unequal periodic payments?
Let's say we borrow a loan of $1000. We pay back to bank $100 per month but for some stupid reason the last payment is smaller and equals $50. This is a common case in my country. How then the APR ...
- 163
1
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1
answer
207
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Incorrect XIRR value of installment loan? [closed]
Using a financial calculator I was able to determine the interest rate of an installment loan with principal of 14975, payments of 444.56 and 60 month term is .2557%. However, when I put the loan ...
- 131
3
votes
1
answer
223
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Formal Definition of APR
I have seen several conflicting sources on the internet about APR. Some say the effective rate is (1+APR/n)^n -1 while others say this formula is the APR since APR represents the rate over all ...
- 31
2
votes
2
answers
707
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Difference in Interest Calculations Using Loan Calculator
Suppose that I have a loan value x and interest rate r. The simple interest is then x*(1+r). If I take out a loan compounded annually and paid monthly for 12 months the amount at the end of the year ...
- 21
0
votes
1
answer
66
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APR for a Loan Paid Off in Monthly Payments for 9 Months [duplicate]
Say a loan is issued for 9 months with $1000 principal and with a payment plan consisting of about $162.23 each month. Does this loan have an APR of 46%?
- 41
2
votes
2
answers
288
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APR for a Loan Paid Off Monthly
A loan is issued for 12 months for 1000 and is paid back with monthly payments of $140 each month. Does this loan have an APR of 68%?
- 41
4
votes
2
answers
1k
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Taking out a private loan to pay off student loans
My wife and I have a large sum of student loans (>150k together). She is now out of school and I'm in the latter years of a PhD program. So we both have steady incomes. My loans are from the ...
- 205
2
votes
2
answers
172
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How to calculate whether it's better to pay my education loan, or my home investment loan?
I have an education loan @ 11.5 % for 1,000,000. I can pay it in 3 years.
I am planning to make an investment by buying a home @ 10.5% for 2,200,000. Term = 20 yrs.
I am thinking if I sell the house ...
- 135
3
votes
2
answers
1k
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Help with Loan Amortization Question
Hello I'm stuck on a question if anyone could walk me through on the steps that would be great. This is a loan Amortization question
The principal amount is $100,000
The Interest Rate is 3%
The ...
- 389
0
votes
2
answers
614
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How to get 0% financing for a car, with no credit score?
Is it possible to get a 0% interest rate for car loan for a used car in the U.S.?
I've been working for 7 months and I just got my first credit card, so I don't have a credit score yet.
I'm planning ...
- 49
5
votes
2
answers
911
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Should I attempt to consolidate my own debt, or hire a professional? (Are there caveats to consolidating your own debt?)
I have some credit card debt across 3 accounts. Currently they're all at 0 APR, but the promotional rates are set to end soon, and I don't want to open any more accounts. In this situation, I'm aware ...
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