Just trying to find my way back home 84
From ChevelureWiki
All you need
Trouble: Moderately Easy
Instructions
things you'll want:
1 Verify your loan declaration or contact your financial institution to discover your exceptional stability on your loan at the start regarding payment period plus the volume of your most recent expense that is went toward paying interest.
3 Multiply the regular rate expressed as any decimal by the number regarding payments you make each year to find the annual rate expressed as a decimal. In this instance, if you made monthly payments, you would multiply 0.005 by 12 to get 0.06.
4 Multiply the annual rate expressed as a decimal by 100 to convert to the yearly rate expressed as some percent. Finishing this example, you would multiply 0.06 through 100 to secure the annual interest rate of 6 percent.
References
Foner Books: How to Calculate Mortgage Payments Math Forum: Loans also Interest Purple Math: Converting Between Decimals, Fractions plus Percentages
Still Credit: Calculator image by Alhazm Salemi from website ;
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