Question about Computers & Internet

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I hope you mean "1994" and not "1194." The amount will depend on the interest rate. At zero interest it would be R5000. At 100% it would be over R billion.

Posted on Jul 15, 2013

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I think you can find a bank that offers loans with low deposits, but I think that the interest rate will be very high. I had two loans with a high-interest rate, and it wasn't delightful. It was not hard for me to pay for them, but I realized how much money I am losing. This is why I decided to combine the loans. It permits me to pay off the loans faster and lower monthly repayments. So when I pay the last rate of my loan, I won't lose so much money to pay for two different loans, which permits me to make more money-saving.

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Apr 13, 2017 •
General Computers & Internet

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2answers

Call whoever you owe the money too, and tell them your situation. Ask them for help.

Dec 13, 2016 •
Office Equipment & Supplies

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2answers

You should shop for the best interest rate and pick the bank or credit union with the best rate. Oh, PLEASE be sure to get a degree in college in a field that has a HIGH rate of hiring students after graduation. Or you will just have the debt, the degree, and no job (or way of paying back the loan)

The interest rate on your loan is the percentage of the principal, or overall loan amount, that you'll have to pay back to the lender on top of the principal.

This is calculated many times over the life of your loan on the total amount you owe, including the interest and fees. That's why you won't owe only $10,600 after taking out a $10,000 loan with a 6% interest rate. According to this federal repayment estimator, you'll actually be on the hook for $13,332 on a standard 10-year payment plan. That's why even a slightly lower interest rate can save you a lot of money in the long run.

The interest rate on your loan is the percentage of the principal, or overall loan amount, that you'll have to pay back to the lender on top of the principal.

This is calculated many times over the life of your loan on the total amount you owe, including the interest and fees. That's why you won't owe only $10,600 after taking out a $10,000 loan with a 6% interest rate. According to this federal repayment estimator, you'll actually be on the hook for $13,332 on a standard 10-year payment plan. That's why even a slightly lower interest rate can save you a lot of money in the long run.

Apr 25, 2016 •
Computers & Internet

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1answer

The uses of banking are that you have reserve money when you need it. Most people just use up all their money. The bank gives you money when you most need it. The only downside is that you have to pay back plus interest. For more info, go to this website, at....... http://www.banking/Loans.com

Jun 02, 2014 •
Mathsoft StudyWorks! Mathematics Deluxe...

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1answer

Assuming it's compounded monthly, you'll pay back about 1.43 times the amount you borrowed. If you borrowed $1000, you'll pay about $1,430.77 .

Sep 30, 2013 •
smrtApps Compound Interest Calculator

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1answer

Compounded Interest is when the bank pays
you interest on the interest. For example, if your savings account earns interest of 1%, then each day of
that 1% of the amount of money you have in your savings account is added to
your total amount of money.

*Daily compounding = Principal (1 + interest rate/365)365 =
(daily compounded amount)*

Aug 14, 2013 •
Finance

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1answer

Work with the simple formula:
Interest = Initial * rate * time

To find the total amount, add the Initial plus the Interest, then subtract what has been paid. This will change the amount of money that will be accruing interest, though, so if there is a payment schedule you will need to repeat this calculation to get an exact number.

Find more information on wikipedia: http://en.wikipedia.org/wiki/Interest#Simple_interest

To find the total amount, add the Initial plus the Interest, then subtract what has been paid. This will change the amount of money that will be accruing interest, though, so if there is a payment schedule you will need to repeat this calculation to get an exact number.

Find more information on wikipedia: http://en.wikipedia.org/wiki/Interest#Simple_interest

Mar 07, 2011 •
Texas Instruments BA-II Plus Calculator

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1answer

If the interest is compounded monthly:

2nd [CLR TVM] (clear any existing results)

1 5 0 0 0 _/- PV (present value, negative because you're paying it out)

6 I/Y (annual interest rate)

25 2nd [*P/Y] N (25 years)

CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)

1 5 0 0 0 _/- PV (present value, negative because you're paying it out)

6 I/Y (annual interest rate)

2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)

25 N (25 years)

CPT FV (compute future value, see 64,378.96)

2nd [CLR TVM] (clear any existing results)

1 5 0 0 0 _/- PV (present value, negative because you're paying it out)

6 I/Y (annual interest rate)

25 2nd [*P/Y] N (25 years)

CPT FV (compute future value, see 66,974.55)

If the interest is compounded annually:

2nd [CLR TVM] (clear any existing results)

1 5 0 0 0 _/- PV (present value, negative because you're paying it out)

6 I/Y (annual interest rate)

2nd [P/Y] 1 ENTER 2nd [QUIT] (one compounding period per year)

25 N (25 years)

CPT FV (compute future value, see 64,378.96)

Oct 26, 2010 •
Texas Instruments BA-II Plus Calculator

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1answer

$276,000 which would be $23,000 per month assuming annual compounding.

Oct 30, 2009 •
Microsoft Office Word 2003 for PC

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