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· Calculating Monthly Payment on a Loan Date: 03/22/2005 at 12:35:01 From: Gameel Subject: Amortization I am trying to figure out the math behind amortization tables, specifically how you come to the "fixed" monthly payment that encompasses varying amounts of the interest and principal.
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*Certainly we could do the necessary algebra to solve this equation for R. Then we could. solving problems to find the monthly payments for amortized loans.
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"Find the payment necessary to amortize a 4% loan of $2100 compounded quarterly with 13 quarterly payments. Find the payment size.". find payment necessary to amortize a 8% loan of $2000 compounded quarterly with 12 quarterly payments.
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This same loan calculator also allows you to choose different car models, find the right. it is also important to note that the monthly payments should be monitored diligently to avoid.
Answer to Find the payment necessary to amortize the loan. $13,900; 12% compounded monthly; 48 monthly payments..
Fully amortized means that the monthly payments made over the term of the loan, payoff the principal, and all accrued interest.
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Find (a) the payment necessary to amortize the loan and (b) the total payments and the total amount of interest paid based on the calculated quarterly payments Then create an amortization table to find (c) the total payments and total amount of interest paid based upon the amortization table a.
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