what would the monthly payments be on a bill of $1400.00 at 17% intrest?

0 ⤊

what would the monthly payments be on a bill of $1400.00 at 17% intrest?

2007-05-02 06:15:30 · 3 answers · asked by red_magill 1 in Business & Finance ➔ Personal Finance

3 answers

Basically :

1400.00 Loan @ 17 %

1400 X .17 = 238 Interest

1400 Loan + 238 = 1638

1638 / 12 months = 136.50 payment per month

136.50 X 12 months = 1638.00

Have a pleasant day.

2007-05-02 12:45:14 · answer #1 · answered by zurioluchi 7 · 0⤊ 0⤋

It depends on the lenght of the loan (i.e 12 months, 24 months etc.)

2007-05-02 06:20:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋

It also depends on how the interest will be computed...on the loan ammount, on the unpaid balance, etc.

2007-05-02 08:10:20 · answer #3 · answered by homerunhitter 4 · 0⤊ 0⤋