![]() |
|
![]() | ||
|
Subject:
Math expert to model out interest payment
Category: Business and Money > Accounting Asked by: ted40-ga List Price: $10.00 |
Posted:
12 Oct 2005 17:26 PDT
Expires: 24 Oct 2005 17:35 PDT Question ID: 579556 |
I am in need of finding out what the interest amount is that is added to the total balance due (less the specified payments. $796,000 balance due as of 1/31/04 $5,000 5/24/05 Payment Made $30,000 6/1/05 Payment Made $30,000 9/27/05 Payment Made $731,000 Balance Due as of 10/31/05 (excluding 12% interest per annum) $1,201,989 Total Outstanding | |
|
![]() | ||
|
There is no answer at this time. |
![]() | ||
|
Subject:
Re: Math expert to model out interest payment
From: irlandes-ga on 12 Oct 2005 21:09 PDT |
I agree with efn, and I have traditionally been good at interest problems. The numbers you give, and 12% a year simply do not change less then $800,000 to a balance more than $1 million in a little more than a year and a half. One would need to know how the interest is calculated. Legal loans usually state clearly. If that is what you are told by the lender, then I can see why you want help. |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |