All Questions
5
questions
2
votes
1
answer
100
views
What's the APR for this in combination with the Balloon Payment of 6525 USD?
I am trying to solve the following:
Finance Amount: 24.951,82 USD
Interest Rate: 2.29%
Residual Value: 6.525 USD
Number of Months: 60
Fee: 374.28
Years: 5
What's the APR for this in combination with ...
- 21
1
vote
1
answer
2k
views
Formula for calculating the monthly payment for a Personal Contract Purchase
How can I calculate the monthly payment for a PCP (Personal Contract Purchase) when given the variables below?
'Amount to be financed' - finance amount
APR (annual percentage rate - %)
Length of ...
- 13
0
votes
1
answer
1k
views
Algorithm to calculate the Interest on Loan with a Balloon Payment
I am trying to understand the algorithm used by My Calculators.com - Balloon Payment Calculator
If I enter the following details:
Loan amount: 4556.75
Number of months: 5
Interest rate: 5.75%
...
- 111
1
vote
2
answers
939
views
Calculate APR from balloon loan
I need formula to calculate nominal APR from balloon loan with contract fee. The initial data and payment schedule is:
Loan sum: 10 000€
Interest rate per year: 15%
Loan period: 2 years
Payments ...
- 11
3
votes
1
answer
186
views
Effective Interest Rate from bifurcated interest rate
Here goes, this is the scope of my question: Say I want to take out a credit card, that has 0% interest for 12 months, when at the 13th month, whatever debt is taken out on the card will be subjected ...
- 31