Interest Formula __ __

Interest = principal X time X of interest (in years)

* Example 1: Arthur, wants to buy an entertainment center. Cash price is $ 2,850. In addition, $ 250 down payment, monthly payments can be purchased at $ 140 per 24. He was concerned that he would pay how much in installments if the purchased items? *

Total monthly payment + deposit = Total Price

= $ 250 + (U.S. $ 24 140)

= $ 3,610

= Total interest payments - cash price

= $ 3,610 - $ 2,850

= $ 760

* Example 2: Looking for an interest rate. Check out also loans for fixed incomes ? *

Principal Installment Price = full - down payment

= $ 3,610 - $ 250

= $ 3,360

Time / interest = principal x rate

= $ 760 / $ 3,360 2

= 11.3 percent

- Claire wants to buy wide-screen TV is being sold with $ 2,000 in cash. She's down payment and $ 1,000, willing to pay $ 200 every six months. Full price and interest rate and installment What is?
- Lauren if he pay on time, he has his heart set on a new GPS will cost him $ 325 and $ 400 if you pay cash. If the $ 50 down payment, how much do you pay him for each of 12 monthly payments. Check out also loans in canton ga ? Interest rate at time of purchase and what is this?
- Jake is trying to buy a used car will cost him $ 10,000. See Also loan sent to checking account . And a $ 5,000 down payment he paid $ 225 do 24. Full price and interest rate and installment What is?
- Vanessa needs to replace the windows of her cell phone at home. See Also loans direct . They have been installed, she will cost to purchase new sewing machines are sold in $ 2,500 cash. She will be nine monthly payments of $ 1,000 down payment and then $ 95. Full price and interest rate and installment What is?
- Armando motorcycle, you need a new motor. If he pay on time, and he will pay $ 700 in cash, it will cost him $ 825. See Also loans in augusta ga . Deposit is $ 275 if the motor, or how much he would pay for each of 12 monthly payments. Check out also loans in canton ga ? Interest rate at time of purchase and what is this?
- Sharp would like to raise money for cruises to Alaska for $ 2,800. Offer is not for the money and pay down $ 150 24. Prices and interest rate and installment What is full?
- Anna moved to her own apartment, and I want to buy a home entertainment center. She cost $ 1,495 in cash and if you pay the HIC if $ 1,350 is paid in installments. Check out also loans for prepaid banking . If the deposit is $ 450, for months, if it is annual or she takes time to pay the installment of 9%?

- Research vehicle and options
- Insurance, maintenance, and please see the price of gas
- You can decide to spend much
- What (if any), consider how your old car

- Take it for a test drive
- Please refer to multiple dealers.
- Compare financing options
- To establish the cost before trade negotiations
- Try selling your old car yourself
- Please review the extended service contract
- If you buy a used car with the car inspected by a mechanic you can trust

Accepted based on credit record

I = PRT

Note:

- When calculating interest is the time in years
- When determining the monthly payment, divide by the number of months

Funds to car

Three years | 4 years | Five years | |

Loan amount | |||

Interest Rates | 9 percent | 9 percent | 9 percent |

Interest | |||

The total cost | |||

Number of months | |||

Monthly Payment |

The length of the loan | Three years | 4 years | Five years |

Advertising price of the vehicle | |||

Interest Rates | 9 percent | 9 percent | 9 percent |

The amount of interest | |||

The total cost | |||

Monthly Payment |

The length of the loan | Three years | 4 years | Five years |

Advertising price of the vehicle | |||

Interest Rates | 9 percent | 9 percent | 9 percent |

The amount of interest | |||

The total cost | |||

Monthly Payment |

The length of the loan | Three years | 4 years | Five years |

Advertising price of the vehicle | |||

Interest Rates | 9 percent | 9 percent | 9 percent |

The amount of interest | |||

The total cost | |||

Monthly Payment |

The following ... (1) Install the slip you drew. (2) Replace the three ads from your car. (3) funding vehicle and what to write and why you choose that option.

* Using the example given in order to calculate the required down payment to purchase the following vehicles. *

__ 15 percent pay 20 percent down payment car prices __

1. $ 13,000 of the car

2. SUV 23000

3. Truck $ 18,500

* Calculate the following: *

4. Vehicle costs: $ 14,000 Total interest:

APR: 9 percent of the total loan amount:

Loan periods: five years of monthly payments:

Deposit: 10%

5. Vehicle expenses: $ 5,000 Total Interest:

APR: 4.5% of the total loan amount:

Loan periods: three years of monthly payments:

Deposit: 25%

6. Vehicle costs: $ 12,000 Total interest:

APR: 5 percent of the total loan amount:

Loan periods: four years of monthly payments:

Deposit: $ 2,000

7. Vehicle expenses: $ 7,000 Total Interest:

APR: 7 percent of the total loan amount:

Loan periods: five years of monthly payments:

Deposit: $ 3,000

8. Vehicle costs: $ 16,000 Total interest:

APR: 11 percent of the total loan amount:

Loan periods: three years of monthly payments:

Deposit: $ 2,000

09. Vehicle costs: $ 16,000 Total interest:

APR: 11 percent of the total loan amount:

Loan periods: three years of monthly payments:

Deposit: $ 4,000

10. You, if you double the deposit paid ** and ** what happens to the total cost of the vehicle? What are two ways you can lower your monthly payments. Check out also loans herndon va ?

Mortgage Acceptance is based on your credit record.

Payment amounts, and lower interest rates, based on income.

Types of mortgage

Fixed-rate home loan

Adjustable-rate mortgage

Other funding - Conventional 15,20,25,30 years - the same payment
- FHA / VA - available on special populations
- "Balloon" - from 30 to 10 years fixed and the balance is due. Check out also loan shops in portsmouth .

Adjustable-rate mortgage

- Conventional ARM - depends on interest payments
- Graduation - Payments - year fixed-time - Pay less with time, begins to rise
- Growing - share - Increased pay is mainly applied

/ Second-lien home equity loan - borrowing against the equity in your home

The reverse mortgages - you pay the bank by buying your own home

Refinance - the old "expensive" new mortgage to repay the "cheap" housing loans taken out

Examples of mortgage

Three decades | Three decades | Three decades | Three decades | |

House prices | ||||

Interest Rates | 6 percent | 9 percent | 12 percent | 15 percent |

Pay-per-thousand dollars | ||||

Total Payment | ||||

Total cost of the house | ||||

Should I do this every month to afford a house how much? (30%) |

Period | Three decades | Three decades | Three decades | Three decades |

House prices | ||||

Interest Rates | 6 percent | 9 percent | 12 percent | 15 percent |

Pay-per-thousand dollars (chart) | ||||

Total monthly payment | ||||

Total cost of the house |

Period | Three decades | Three decades | Three decades | Three decades |

House prices | ||||

Interest Rates | 6 percent | 9 percent | 12 percent | 15 percent |

Pay-per-thousand dollars (chart) | ||||

Total monthly payment | ||||

Total cost of the house |

Period | Three decades | Three decades | Three decades | Three decades |

House prices | ||||

Interest Rates | 6 percent | 9 percent | 12 percent | 15 percent |

Pay-per-thousand dollars (chart) | ||||

Total monthly payment | ||||

Total cost of the house |

The following ... (1) Install the slip you drew. (2) Attach your three houses were discovered. (3) If you choose to write it because every house.

* Calculate the following. *

- $ 100,000 house is 8% (A) 15-year mortgage. (B) who you really are paying how much?

- $ 200,000 house at 6.5% (a) 30-year mortgage. (B) who you really are paying how much?

- $ 150,000 house at 9% (a) 25-year mortgage. (B) who you really are paying how much?

* Please consider a $ 125,000 loan at 7% interest today. 15,20,25 The total cost of the monthly payment, and to calculate the 30-year loan. *

Duraton | Monthly Payment | The total cost |

15 years | ||

Two decades | ||

25 years | ||

Three decades |

* Please use the same information as above and fill in the following table. The only exception is the interest rate. It is currently 8%. *

Duraton | Monthly Payment | The total cost |

15 years | | |

Two decades | | |

25 years | | |

Three decades | | |

Four legs, when you are 55 years old, you have to invest, save, and donations, divide the pie in the size of each piece represents a portion of the money I spend. See Also loan installment credit .

(Note): After-tax the whole pie represents the total of your income year. Save for SV; IV for investment, for the SP and label the pieces stay, please donate to.

Reflex: Complete this part of the assignment in another part of the paper is passed 40.64

Wants "and" demand from an economic viewpoint, "Now I and I think you're using my money, the investment in storage, donation, and use it in the future for spending Is there a possibility that I will / I notice that "When I think" I think ... "