W WayneTeK Golden Member Apr 3, 2002 1,283 2 0 Nov 30, 2005 #1 LOAN AMOUNT: $12,000 Interest Rate: 5% Term: 36 months. TOTAL INTERST: $947.43 How do you get this total interest rate? Could someone give me the formula?
LOAN AMOUNT: $12,000 Interest Rate: 5% Term: 36 months. TOTAL INTERST: $947.43 How do you get this total interest rate? Could someone give me the formula?
M machintos Golden Member Mar 1, 2003 1,652 0 0 Nov 30, 2005 #2 click me Use the show/recalculate amortization table button.
kranky Elite Member Oct 9, 1999 21,014 137 106 Nov 30, 2005 #3 If you need the actual formulas, you can find them here.
D DaWhim Lifer Feb 3, 2003 12,985 1 81 Nov 30, 2005 #5 PV = -12,000 i = 5/12 n = 36 FV = 13,937.7 interest = FV - PV = 1937.7
HardcoreRobot Lifer Nov 7, 2000 16,404 3 81 Nov 30, 2005 #7 i thought g35's were more expensive than that