earlier today I ask the same question about 250.00 but I needed the negitive instead of the possitive answers you have given can you help me again thanks,.
2007-07-16 15:08:08 · 7 answers · asked by lonelytommy 1 in Business & Finance ➔ Credit
Do your homework buddy boy :(>
2007-07-16 16:39:52 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It depends on how often the interest is compounded.
Compounded annually, $297.04
Quarterly $297.81
Monthly $299.10
Weekly $299.26
or Daily $299.26
(remember, you have to take into account if you're compounding more than once a year that you are, otherwise, the interest for quarterly would actually be 36% (9% each time))
This calculator might help you more... Good luck!
2007-07-17 00:17:52 · answer #2 · answered by Katie B 3 · 0⤊ 0⤋
What does the statement they sent you say? there are surely penalties and fees tacked onto it. They probably increased the rate at some point too.
2007-07-16 22:11:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
is the interest compounded annually? semi- annually? quarterly? monthly?
annually:
250 * (1.09)^2 = 297.03
semi-annually:
250 * (1.09)^4 = 352.90
quarterly:
250 * (1.09)^8 = 498.14
monthly:
250 * (1.09)^24 = 1977.77
all i can say is good luck and i hope you can sort out your finances.
2007-07-16 22:25:09 · answer #4 · answered by rooster1981 4 · 0⤊ 0⤋
it depends, daily compounding , fees?
etc
$400
2007-07-16 22:10:26 · answer #5 · answered by Anonymous · 0⤊ 1⤋
sounds too much like homework or are you really a dead beat ?
2007-07-16 22:17:04 · answer #6 · answered by jon_mac_usa_007 7 · 0⤊ 1⤋
do your own homework
2007-07-16 22:11:15 · answer #7 · answered by Anonymous · 0⤊ 1⤋