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Search for banking code in c at vyom.net I use to find at my time in college

Posted on Jan 22, 2009

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Posted on Jan 02, 2017

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depends on how often you pay off principle and how much dollars.

and how often you are charged interest.

fv=pv*(1+interest rate)^n n being the term of interest

so lets assume you pay zero off it and interest is calculated daily

fv=6300*(1+0.015/365)^365

interest = fv - pv

= 95.21 for one year without repayment

if you were to pay approx 25.15 a week you would pay this loan in 5 years time and pay approx $240 in total interest over five years

EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.

You could create a spreadsheet each day and calculate the interest as annual interest / 365 for the daily calculation

Then add the account fee onto the balance calc + any set up fee onto the start balance. by using =a$5 for the repayment on all rows as an example you can copy it down and the cell number will always be a$5

this way you can alter a5 and the repayment alters all the way down each week row.

or just download a template for excel

https://templates.office.com/en-us/Loan-amortization-schedule-TM10073881

and how often you are charged interest.

fv=pv*(1+interest rate)^n n being the term of interest

so lets assume you pay zero off it and interest is calculated daily

fv=6300*(1+0.015/365)^365

interest = fv - pv

= 95.21 for one year without repayment

if you were to pay approx 25.15 a week you would pay this loan in 5 years time and pay approx $240 in total interest over five years

EXCLUDING future interest rate increases over the five years and excluding bank fees like account fees or account manage fee or setup a loan fee.

You could create a spreadsheet each day and calculate the interest as annual interest / 365 for the daily calculation

Then add the account fee onto the balance calc + any set up fee onto the start balance. by using =a$5 for the repayment on all rows as an example you can copy it down and the cell number will always be a$5

this way you can alter a5 and the repayment alters all the way down each week row.

or just download a template for excel

https://templates.office.com/en-us/Loan-amortization-schedule-TM10073881

Jan 19, 2018 | Computers & Internet

premium X % X time

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

so 380,00000 X4/100 X 1 year

it calculated as the amount ( premium ) multiplied by the percentage of 100 multiplied by the period in years or parts of a year

so it can be 100 X 25% or 1/4(25/100) by the period (5 years or daily (1/365 of a year)

This is known as simple interest

compound interest is calculated on remaining premium after payment X the interest rate by the day or week or month

so for example 100 X 4/100 X 1/12 is the first calculation for the month and for the next month the calculation will be premium of 80 ( if a 20 payment was made in the month X 4/100 X 1/12 and so on if payment are made on time

pm the other hand if no payment are made then the premium goes up by the interest rate

so for the next month it is 104 X 4/100 X 1/12 and the month after that 108.16 X 4/100 X 1/12.and so on

banks use compound when calculating home loan repayments and simple interest when paying interest on your deposits

( has to be in the bank for 367 days to get the interest paid )

Nov 30, 2017 | The Computers & Internet

Banks and Non-Banking Financial Companies use the following formula to calculate EMI of a home loan. This is the formula for calculating compound interest. Applying the same formula for a home loan of Rs 90Lakhs, we get,

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P= Amount borrowed- Here, it will be 90 lakhs

R= Rate of interest per month

N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

P= Amount borrowed- Here, it will be 90 lakhs

R= Rate of interest per month

N= Number of months in the home loan tenure

Going by the current lending rates followed by the financial institutions, we will consider R to be 9% per annum (to be converted to % per month) and for the loan tenure, we will take 20 years/240 months.

Substituting all values in the above formula, the home loan EMI comes out to be Rs 80,975 per month.

You can easily calculate the EMI for your home loan for any bank or NBFC using a free online Home Loan EMI calculator. You can also find this handy tool on the online portals of most banks and NBFCs. All you have to do is feed in the values in the respective fields and receive the answers.

Oct 09, 2017 | The Office Equipment & Supplies

This depends on whether interest remains constant, and if the interest is reduced as the balance is reducing.

For simplicity, the interest is 450, so you add that the the principal, making 15,450, and divide it by 60 months. The answer is 257.50 per month.

TD Bank disagrees with me by a few bucks, but close enough as it probably includes insurance.

5 year loan how to calculate interest and payments Google Search

For simplicity, the interest is 450, so you add that the the principal, making 15,450, and divide it by 60 months. The answer is 257.50 per month.

TD Bank disagrees with me by a few bucks, but close enough as it probably includes insurance.

5 year loan how to calculate interest and payments Google Search

Mar 01, 2017 | Office Equipment & Supplies

This will vary widel from bank to bank, but this web site will be helpful-

CD Rates Highest Yield Bank Certificate of Deposit Interest Rate

CD Rates Highest Yield Bank Certificate of Deposit Interest Rate

Feb 26, 2015 | Office Equipment & Supplies

Contact your lender.

You may be able to set up online access to your account data through the lender's website. If that is available, it probably includes links for your account status, history and statements. The December statement likely shows interest paid during the year.

You may be able to set up online access to your account data through the lender's website. If that is available, it probably includes links for your account status, history and statements. The December statement likely shows interest paid during the year.

Feb 10, 2015 | 2005 Honda Pilot

I want how i can calculate daily profit /loss calculation on investment

Sep 07, 2009 | Microsoft Step by Step Visual Basic 6.0...

Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Mar 26, 2009 | Computers & Internet

Are you below the minimum balance?

Feb 02, 2009 | Office Equipment & Supplies

Apr 26, 2018 | Computers & Internet

Apr 26, 2018 | The Computers & Internet

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