Accounting question??

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Accounting question??

How do I calculate what each payment will be for an installment loan (equal total payments) for the following:
$300,000 loan, 3 year note bearing 10% interest.

Thanks!!!

2007-02-05 09:26:07 · 2 answers · asked by sugarnspice084 1 in Business & Finance ➔ Other - Business & Finance

2 answers

Loan Calculator Plus is free.
http://pine-grove.com/

If you prefer a book you can look at an amoratization schedule at any book store.

Michael
http://www.webmasterautomation.com/

2007-02-05 09:32:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋

9680.16 monthly payment.
Source - Quicken Loan Calculator

2007-02-05 09:34:02 · answer #2 · answered by rb_cubed 6 · 0⤊ 0⤋