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monthly means that it continues one month at a time
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A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?
The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12
How do you calculate APR in PHP?
<?php $month = 360; //How many month you have for payment $monthlyPayment = 671.96; //Your monthly payment $moneyBorrowed = 99000; //How much you borrowed $totalPaid = $month * $monthlyPayment; //Number of months * Monthly payment $APRequ = $moneyBorrowed / $totalPaid; //Money Borrowed * Total money paid back $APRMonthly = abs($APRequ-1); //Returns the absolute value of the monthly APR $APR = $APRMonthly * 12; // Monthly APR to get Yearly APR echo $APR; ?>
What is 13 months?
It is 1 year and 1 month
Is the return of 12 percent compounded annually is the same as a return of 1 percent per month?
Only if the 1% per month is compounded annually and not monthly.
How many months are in 1 year?
.083 years are in a month. There is not actually an entire year in a month since there are ONLY months in a year (12).
Do all mortgages have to be paid monthly?
No, they can be 2x times a month, 1 in 2 months and adjustable.
How much is a ToonTown membership monthly?
It is $5 the first month then $10 the rest of the months but there is a card that gives you membership for 1-3 months
How much is the monthly pay ment on World of Warcraft?
£8.99 for 1 month £25.17 for 3 months and £46.14 for 6 months 6 months is the best deal Hope this helped!
Is the girlfriend magazine weekly or monthly?
monthly but usually it is 1 month ahead of the last month
Is it month or monthes?
month. monthes is not a word. month is for one month e.g. january. and months (not monthes) is for more than 1 month like january february march and april are all months and december is a month.
For the monthly membership on poptropica can you pay that for one month only?
Memberships on Poptropica are 1 month, 3 months, or 6 months, but they will automatically renew when they expire, unless you tell Poptropica when you sign up!The 3-month and 6-month memberships are cheaper per month, but there is no guarantee that they will be of constant value or stay the same price when they renew.
What do they mean monthly on roblox BuildersClub?
Monthly means you get builders club for 1 month
How much is the monthly fee for Xbox live?
It is 50 bucks straight up for a year. 8 bucks for 1 month. Or 20 bucks for 3 months.
A man has a loan which he promised to pay in 18 equal monthly installments of P600. What are monthly installments for 8 months 10 months 12 months and 15 months?
The question can be answered only for the loan with zero interest. The loan is then 10,800 (18 x 600) that could also be paid by 1350 a month for 8 months 1080 a month for 10 months 900 a month for 12 months 720 a month for 15 months In the case the loan is not interest free the problem cannot be solved, since there are two unknown variables: a principal amount (an amount borrowed) and an annual interest rate and only one equation. For instance if you borrow 10,000 with 10% annual interest rate, the loan will be paid off in 18 monthly installments of 600, which corresponds to the question. For the same principal (10,000) and annual interest rate (10%) the loan would have been paid off in: 8 month installments of 1297; 10 month installments of 1046; 12 month installments of 879; 15 month installments of 712. But you can still have the loan with other pairs of principal and interest rate with 18 monthly installments of 600. There is a suitable Excel formula PMT too. Monthly installments can be calculated by formula: Monthly installment = Principal x {rate + (rate / [(1+rate)months - 1]} where rate = (annual rate / 12), i.e. 10% => 0,1/12
How do you calculate APR in PHP?
<?php $month = 360; //How many month you have for payment $monthlyPayment = 671.96; //Your monthly payment $moneyBorrowed = 99000; //How much you borrowed $totalPaid = $month * $monthlyPayment; //Number of months * Monthly payment $APRequ = $moneyBorrowed / $totalPaid; //Money Borrowed * Total money paid back $APRMonthly = abs($APRequ-1); //Returns the absolute value of the monthly APR $APR = $APRMonthly * 12; // Monthly APR to get Yearly APR echo $APR; ?>
Do you have to pay monthly for rift?
Yes it is a Monthly pay $14.99 a month or you can pay $119.99 for 1 year.
What is 13 months?
It is 1 year and 1 month
