2007-01-18 14:16:19 · 6 answers · asked by whatskrak 1 in Business & Finance ➔ Renting & Real Estate
85000 X .08 = 6800
Interest Amount is Rate X Amount Borrowed/Invested
2007-01-18 14:21:51 · answer #1 · answered by Hawkeye 4 · 1⤊ 0⤋
is/of = n/100
let me help u ok? it is easy. is=8% since there is a percent sign put it where the n is. if there wasnt u would put it on the left side on the top. of=85000 now u have
n/85000=8/100 now cross multiply. 8x85000=680000=100n
now u divide 680000 by 100= 6800
TA DA
2007-01-20 02:02:08 · answer #2 · answered by ♥.:ily:.♥ 1 · 0⤊ 0⤋
if you are looking for 8% of 85 thousand dollars and the amount of monthly payments and or a total payback price, just type in amortization schedule calculator, you will find many sites to do this for you
2007-01-18 14:26:16 · answer #3 · answered by D M 2 · 0⤊ 0⤋
You need an amortization chart, I think Excel has one.
8% is high for a mortgage.
2007-01-18 14:25:42 · answer #4 · answered by mickeyg1958 4 · 0⤊ 0⤋
8%.... 30 year term ....85,000 loan amount...$623.70 is your payment
let me help you make your payment........$214.93
eric_seeram@hotmail.com
2007-01-18 14:41:10 · answer #5 · answered by Eric S 1 · 0⤊ 0⤋
6,800 is 8% of 85,000
(0.08 x 85,000)
2007-01-18 14:23:01 · answer #6 · answered by k a 2 · 1⤊ 0⤋