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Have you ever wondered how much monthly payment you can afford? Here is an easy calculation to use:Yearly income for everyone that is going to be on the loan. Divided by 12 (Months)X 45% of your Income (that is the highest you can go, you don’t have too if you don’t want too)- Monthly Debts(monthly car loan payment, monthly student loan payment, monthly credit card payment, monthly child support payment, monthly personal loan payment)#realtor #realtorofinstagram #realestatetips #realestateagent
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Have you ever wondered how much monthly payment you can afford? Here is an easy calculation to use:Yearly income for everyone that is going to be on the loan. Divided by 12 (Months)X 45% of your Income (that is the highest you can go, you don’t have too if you don’t want too)- Monthly Debts(monthly car loan payment, monthly student loan payment, monthly credit card payment, monthly child support payment, monthly personal loan payment)#realtor #realtorofinstagram #realestatetips #realestateagent
223 viewsJan 7, 2022
FacebookThe Gibbons Group
SOLVED: Supermarket building was purchased for 718,000. The down payment was 14%. The balance was financed at 7.8% for 27 years. Find the monthly payment.The monthly payment is3,972.84.
SOLVED: Supermarket building was purchased for 718,000. The down payment was 14%. The balance was financed at 7.8% for 27 years. Find the monthly payment.The monthly payment is3,972.84.
Sep 26, 2022
numerade.com
SOLVED:Loan Payments The formula below gives the monthly payment m on a loan as a function of the amount borrowed A, the annual rate of interest r (expressed as a decimal, and the number of months n of the loan. m=(A((r)/(12))(1 (r)/(12))^n)/((1 (r)/(12))^n-1) Auto Loans You want to purchase a car that costs 18,000 dollar. The car dealership offers two different 48- month financing plans. The first plan offers 0 % interest for 4 y. The second plan offers a 2000 dollar discount, but you must fina
SOLVED:Loan Payments The formula below gives the monthly payment m on a loan as a function of the amount borrowed A, the annual rate of interest r (expressed as a decimal, and the number of months n of the loan. m=(A((r)/(12))(1 (r)/(12))^n)/((1 (r)/(12))^n-1) Auto Loans You want to purchase a car that costs 18,000 dollar. The car dealership offers two different 48- month financing plans. The first plan offers 0 % interest for 4 y. The second plan offers a 2000 dollar discount, but you must fina
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