All Questions
10
questions
4
votes
2
answers
236
views
How to calculate monthly payment of a loan
I am trying to solve this question:
Your brother-in-law asks you to lend him $100,000 as a second mortgage on his vacation
home. He promises to make level monthly payments for 10 years, 120 payments ...
- 43
1
vote
1
answer
196
views
Calculate Loan Balance and Future Balance with Extra Repayments
So, here's the current situation.
I took out a £7000 loan over 42 months at the insane interest rate of 47.4%.
I needed the loan, couldn't borrow it off family, and the interest rate is due to some ...
- 328
1
vote
1
answer
3k
views
Formula for time taken to pay off loan with annual interest and monthly repayments
I am trying to find how to work out the period of time it will take to pay off a loan. There are plenty of online calculators out there but I cannot find the formula they use. I want to recreate the ...
- 113
3
votes
1
answer
472
views
Calculating interest and Principal Paid using TI-84
How do I calculate the net quantity of interest on a loan, and the net quantity of the principal on the loan, that I have paid off after a given number of payment periods in the finance app on a TI-84 ...
4
votes
3
answers
914
views
Please help me calculate interest on a loan
My Ex owes me $66000 and I need to give him a payment plan with 8% interest over 5 years.
The monthly repayments need to tier roughly as follows (he's going to earn more in the 2nd and 3rd years and ...
- 51
0
votes
1
answer
1k
views
Calculating Interest Accrued for a late payment
I'm trying to calculate the interest accrued on my amortization schedule manually. I can calculate it fine if payments are exactly one month apart but this payment is More than 1 month apart.
This ...
- 389
-1
votes
1
answer
781
views
Does a one time additional payment reduce the interest paid on a Prosper or Lending club personal loan
I have a loan with Lending Club with a certain interest rate. So every month I pay the principal as well as about $200 in interest. Assuming the loan balance left is $20000 and the interest rate is 7%,...
- 582
4
votes
3
answers
8k
views
Loan repayment calculation and monthly compounding interest problem
I need to write a mock up application that returns a quote to potential borrowers. The specification says that "The monthly and total repayment should use monthly compounding interest".
Program ...
Fabian
1
vote
0
answers
182
views
How to calculate interest charged on my loan given a series of dates & payments?
I want to calculate the interest rate payed for this loan using Mathematica.
The initial amount was of 12000€, then they asked to pay 240€ for opening the loan and another 870€ for the insurance for ...
- 113
2
votes
1
answer
243
views
How to calculate outstanding Graduate Plus Loan balance currently in deferment?
Can someone tell me what I'm doing wrong here?
If I have a $56,500 loan and the interest rate is 7.9% how much will I
owe after 8 months?
I thought this would be fairly simple. I would compound ...
- 1,065