# Loan

Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%.

How much should I pay for every month (or every year if paid yearly).

Example is for practise geometric progression and/or periodic payment for an annuity.

How much should I pay for every month (or every year if paid yearly).

Example is for practise geometric progression and/or periodic payment for an annuity.

### Correct answer:

Tips to related online calculators

Do you want to convert time units like minutes to seconds?

#### You need to know the following knowledge to solve this word math problem:

## Related math problems and questions:

- Retirement annuity

How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first 10 years, and $3000 per month for the next 15 years? Assume that the payment represent a rate of return to the person receiving th - Present value

A bank loans a family $90,000 at 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over a 15 year period. How much should the monthly payment be in order to pay off the debt in 15 years? - Interest

Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter. - Future value

Suppose you invested $1000 per quarter over a 15 years period. If money earns an anual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earn? - Loan

If you take a bank loan $ 10000 and we want to repay after the year, we have to pay the total amount $ 10320/ What is the annual interest rate on this loan? - Saving 9

An amount of $ 2000 is invested at an interest of 5% per month. If $ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount has accumula - A loan

A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made? - Annual interest

A loan of 10 000 euro is to be repaid in annual payments over 10 years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Savings

The depositor regularly wants to invest the same amount of money in the financial institution at the beginning of the year and wants to save 10,000 euros at the end of the tenth year. What amount should he deposit if the annual interest rate for the annua - Investment

1000$ is invested at 10% compound interest. What factor is the capital multiplied by each year? How much will be there after n=12 years? - Compound interest 3

After 8 years, what is the total amount of a compound interest investment of $25,000 at 3% interest, compounded quarterly? (interest is now dream - in the year 2019) - Deposit

If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years? - Bank

Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%. - Maturity value

IKEA Furniture’s can purchase furniture with 3 year simple interest loan at 8% interest per year. What is the maturity value of 3500 loan? - You take

You take out Php 20 000 loan at 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after 10 years? - If you 3

If you deposit $4500 at 5% annual interest compound quarterly, how much money will be in the account after 10 years? - Loan 4

Mr santos borrowed Php.18,000 at 1.5% interest for one year. What was the total amount he paid for the end of the 1-year term?