15 Sep 2007 at 12:08 #1 quackers quackers Soldato Joined 18 Oct 2002 Posts 5,804 Location Liverpool :-) Silly question, but i'm pants with anything to do with numbers Basically i want to know how much interest you'd pay each month on a loan. Any got any good examples? Thanks guys
Silly question, but i'm pants with anything to do with numbers Basically i want to know how much interest you'd pay each month on a loan. Any got any good examples? Thanks guys
15 Sep 2007 at 12:09 #2 gumbald gumbald Soldato Joined 26 Aug 2006 Posts 9,726 Location 62.156684,-49.781113 You could line up an example Obviously you've got something in mind...
15 Sep 2007 at 12:10 #3 quackers quackers Soldato OP Joined 18 Oct 2002 Posts 5,804 Location Liverpool :-) ok, just off the top of my head. Say a loan of 5'000, what would the interest be each month at say 5.0%?
ok, just off the top of my head. Say a loan of 5'000, what would the interest be each month at say 5.0%?
15 Sep 2007 at 12:14 #4 Barbie Barbie Associate Joined 18 Oct 2002 Posts 1,256 Location Loughborough Town We'd need to know how many months you were paying it back over.
15 Sep 2007 at 12:14 #5 gumbald gumbald Soldato Joined 26 Aug 2006 Posts 9,726 Location 62.156684,-49.781113 How many monthly payments?
15 Sep 2007 at 12:16 #6 quackers quackers Soldato OP Joined 18 Oct 2002 Posts 5,804 Location Liverpool :-) let's say 5 years, so 60 months Last edited: 15 Sep 2007
15 Sep 2007 at 12:19 #7 gumbald gumbald Soldato Joined 26 Aug 2006 Posts 9,726 Location 62.156684,-49.781113 That would be 60 months You'd pay about £11 interest a month I think.
15 Sep 2007 at 12:20 #8 quackers quackers Soldato OP Joined 18 Oct 2002 Posts 5,804 Location Liverpool :-) doh, not awake as yet Thanks guys, i've just found an interesting loan calculator on excel as well. Thanks for the help
doh, not awake as yet Thanks guys, i've just found an interesting loan calculator on excel as well. Thanks for the help
