Loans, loan ...

In Slovakia, launched a short-term non-bank loans, of which few people have their "take" are considered unfavorable. Often, the borrower ends up in a spiral of debt, which takes more and more onerous loan used to repay earlier loans.

Calculate how many 9-year loans of € 1700 with 24% APR is able to repay the man even if the loan repayments and interest payment of all monthly spends all income 524 euros?

Correct answer:

n =  4

Step-by-step explanation:


We will be pleased if You send us any improvements to this math problem. Thank you!


Tips to related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.

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

Related math problems and questions:

  • Present value
    exp_growth 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?
  • Repay, interest, loan
    repay Ramchacha takes a loan amount of 240000 from a bank for constructing a house at the rate of simple interest of 12% per annum. After 1 yr. of taking the loan he rents the house at the rate of 5200 per month. Determine the number of years he would take to r
  • Loan
    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.
  • Profitable bank deposit 2012
    eurocoins Calculate the value of what money lose creditor with a deposit € 9500 for 4 years if the entire duration is interest 2.6% p.a. and tax on interest is 19%. Annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at negative int
  • Edmond
    mince_2 Edmond Santos borrowed USD 20,000 for 18 months at 6 1/2 % per year. Find the APR (Annual Percentage Rate) if the loan was repaid monthly. The answer is: Note: APR is expressed as a percentage that represents the actual yearly cost of funds over the term
  • Two accounts
    bankovka Two accounts in the bank, one per year interest 2%, the second 3%. Total interest income 1900 USD. If interest rates were reversed, the yield would be USD 200 higher. What are the amounts on each account?
  • When will I be a millionaire?
    milionar_kedy Barry monthly send 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months must Barry save to save 1000000 euros? Inflation, interest rate changes, or bank failures ignore.
  • Mrs XY
    crime Mrs Novak is employed. In January 2015 the gross income reached € 1348. Insurance is a 323.52 euros, and income taz 153.67 euros. Employer precipitated Mrs. Novak in recent clashes € 115, of which 57 euro for the savings account, and 58 euros for repaymen
  • Compound interest
    bank_3 Compound interest: Clara deposited CZK 100,000 in the bank with an annual interest rate of 1.5%. Both money and interest remain deposited in the bank. How many CZK will be in the bank after 3 years?
  • VAT lottery
    komunista_fico Father earns 1088 euro a month, mother 925 euro per month. Calculate what amount they paid as value added tax (VAT) to the government if the VAT rate is 20%. Assume that the family will spend their entire monthly income.
  • Principal and interest
    bank_pig Peter put € 270 principal into bank and at the end of the year on account was € 282. To what annual interest rate that Peter had deposited money in the bank?
  • Bank
    money_3 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%.
  • Loan
    money_2 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?
  • Bank account CZ
    mince_2 We will deposit CZK 6,600 into the bank for 1 year with an interest rate of 2.5%. The interest tax is 15%. How many crowns will we receive after one year?
  • Simple interest
    bank Peter put into bank 853 euros deposit. After 7 years on account overall was 984 euro. What was the interest rate if bank add simple interest?
  • Loan 4
    penize_49 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?
  • Deposit
    ping_bank If you deposit 719 euros at the beginning of each year, how much money we have at 1.3% (compound) interest after 9 years?