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I had thought I understood how the calculation of mortgage payments actually worked; now I’m not quite so sure and had thought I would give a hypothetical scenario, so that I could resolve this issue.
This is how I thought calculating a mortgage payment would work. Let’s say hypothetically a home was $50,000 and I was [...]
In: Loans Calculator
13 Jul 2010Ok , I am doing an assignment for a mortgage calculator in JAVA. The assignment is to write the code first, then enter into JAVA to execute. I am all new to this so……Here is my code and it will not execute. I am lost as lost can be. Any help will be appreciated.
public [...]
In: Loans Calculator
10 Jul 2010I am taking a finance class online. The text that was provided is the worst text I have ever used in any class. We are supposed to set up an amortization schedule. The text shows us how to do this using a financial calculator which I cannot afford. It does not show us how to [...]
In: Loans Calculator
10 Jul 2010My husband and I are considering buying our first house in the next few months. We have a good credit history (2 student loans of mine paid in full soon after graduation, pay all bills and cards on time and in full, no car payments) and do not carry debt over from month to month. [...]
I ran across my old HP-48g calculator and remembered what a lifesaver that thing was in college. I loved math. I was good in math and it brought up my GPA. I even went in to do computer programming and was glad I had taken math.
Now being middle age I rarely see it. [...]
Alright, so my husband and I are buying a truck from my boss. She’s selling it to us at a bargain, $2250. We’ve payed $600 down, then we’re going to pay $550 in two weeks. We were planning to just do $300/month for four months after that…
…but in getting ready [...]
I hope someone can figure this out for me because I can’t !
I tried for hours, calculating and using all different online calculators. Never work !
Bought a truck and finance with a loan company $23 468.00 on 11-17-2009.
Supposedly at 9.99% APR for 72 months with $436.43 monthly payments.
1rst payment12-30-2009$436.43Interest $295.46Principal $140.97
2nd payment01-29-2010$436.43Interest $191.54Principal $244.89
3rd payment02-26-2010$436.43Interest [...]
In: Loans Calculator
6 Jul 2010Hi,
I was solving for a problem that requires undo an exponentiation for a business math problem.
I solved using the log function on my calculator; however, the final answer coming from an online homework says otherwise.
I know this should be on the business math section; however I want to be clear how to undo an exponentiation. [...]
My calculator is pulling up nonsense & I can’t figure this out.
Joe takes out a $20 000 loan to buy a car. Joe has $3500 to put down as a payment on the car. The annual interest rate it %7 compounded monthly for 4 years.
a) Calculate the amount on the loan that Joe must take [...]
In: Loans Calculator
5 Jul 2010pl note not to calculate the intt on intt, just calculate e.g for first month intt on amt 150000, 2nd 150000-835=149165, 3rd 149165-835=148330. All amortization calculators calculate the EMI which is not serving my purpose because that are calculated after adding every month intt to principal wherein i don’t want to add the every month [...]
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