loan principal
Loan principal is
The loan principal is the original amount of money borrowed, excluding any interest, fees, or other charges.
The interest rate is
Interest rate is the cost of borrowing money, expressed as a percentage of the principal amount, and it also represents the return a lender or saver receives of their investment or savings.
Credit card offers
Credit cards offer a line of creit that can be used to make purchases, balance transfers and/or cash advances.
Amortization is
Amortization is the process of paying off debt in regular installments over time.
A mortgage is
A mortgage is a loan used to purchase or refinance a home. This will be paid over time.
How do you find loan principal?
Subtract your down payment from the total purchase price of the item you´re buying.
How do you find interest rate?
Use the formula r=I/(P*t). ¨r¨ is the interest rate, ¨I¨ is the interest earned or paid, ¨P¨ is the principal amount, and ¨t¨ is the time period.
If your loan takes 50 months to pay off, how many years is that.
Around 4 years.
60 months.
If your loan term is 30 years, how many years is that.
2.5 years.
How do you find credit score?
You can find your credit score through various free and paid services, including checking with credit card companies.
What is a good interest rate for personal loans?
For personal loans, rates below 5% or 10% are considered good.
50 months.
If your loan term is in 6 years, how many months is that?
72 months.
if your loan term is 15 months, how many years is that?
What is important to know about loan principal?
The loan principal refers to the amount of money you borrow from a lender.
What is a good interest rate for credit cards?
For credit cards, rates below the national average(currently 21.47%) are desirable.
If your monthy payment is $358, your credit card balance is $5,500, your payment per month is $151.25, and it takes 18 months to pay off,what's the total principal paid?
If your loan amount is $5,00, the loan term is in 5 years, your interest rate per year is 6.5%, and you pay $97.83 each month, what is the total principal paid?
$5,000
If the home price is $500,000, you put a down payment of $100,000, your loan term is 30 years, and the monthly payment is $2623.81,what is the principal and interest?
$2,277.81
what are different types of prinicpals?
initial and outstanding principal.
What is a good interest rate from mortgages?
For mortgages, rates below the national average for fixed-rate mortgages (currently around 7%) can be considered good.
If your monthy payment is $358, your credit card balance is $5,500, and your payment per month is $151.25, how many months will it take to pay off?
18 months.
If your loan amount is $5,00, the loan term is in 5 years, and your interest rate per year is 6.5%, then how much will you pay each month?
$97.83
If the home price is $500,000, you put a down payment of $100,000, and your loan term is 30 years, what is the month payment?
$2623.81