APR basics
Jessica has a balance of $2900 with a 6.1% APR. How much interest for the year?
176.9
14-year loan, monthly payments. How many total?
168
Borrow $115,000, APR 4.9%, monthly payment $731.57 for 21 years. Total paid?
$184,355.64
Raymond balance $3000, APR 21.99%. 1 month interest?
$54.98
Jacob borrows $257,000 at 4.9% with a monthly payment of $1,431.78. How much of the first payment goes to interest?
$1,049.42
If APR is 12%, what is the monthly interest rate?
1%
23-year loan, quarterly payments. How many total?
92
Borrow $115,000, APR 4.9%, monthly payment $731.57 for 21 years. Total interest paid?
$69,355.64
Josie $2600, APR 4.2%. First month interest?
$9.10
Jacob borrows $257,000 at 4.9% with a monthly payment of $1,431.78. How much of the first payment goes toward principal?
$382.36
APR = 18%, balance = $2000. Interest for 1 year?
360
30-year mortgage, monthly payments. How many total?
360
Monthly pmt $1200 for 30 years. Total paid?
$432,000
Josie $1600, APR 5.3%. Quarterly interest rate & 1st quarter interest?
1.325%, $21.20
On a $100,000 loan at 12% APR with a monthly payment of $1,100, what is the interest portion of the first month’s payment?
$1,000
Josie borrows $2600 at APR 4.2%. Monthly interest rate?
0.35%
5-year loan, semi-annual payments. How many total?
10
Loan $100,000, APR 6%, $600/month for 30 years. Total paid?
$216,000
Josie $2100, APR 19.6%. First day’s interest?
$1.13
On a $150,000 loan at 6% APR with a monthly payment of $1,000, how much of the first month’s payment goes toward principal?
$250
Josie borrows $2100 at APR 19.6%. Daily interest rate?
0.0537%
20-year loan, monthly payments. How many total?
240
Pay $250,000 on $180,000 loan. Interest?
$70,000
Balance $5000, APR 24%. One month interest?
$100
A $150,000 loan has an APR of 6% with monthly payments of $1,000. How much of the first payment goes toward the principal?
$250