Question about Curtis-Mathis CM27101S TV

1 Answer what will be the simple interest on Rs.25000/- for 5 years at 9% p.a. ?

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I do not know why you are asking it is a simple (25000*5*9)/100 hope this will help.

Posted on Sep 27, 2007


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My monthly income is 40K and want to take a home loan in Mumbai. Is advisable for me?

Yes, it is advisable. You can always apply for a Home Loan in Mumbai or any other place, but it has to be within your affordability bracket.

As you have mentioned that your salary is Rs. 40K, that means you can use 47% of that income as savings or to pay your EMI. Your EMI payment capability is Rs. 18K. Now, if we do a back calculation with the help of a Home Loan EMI Calculator, we can see that at 12% rate of interest and for a tenure of 20 years, Rs.18K EMI will be for the principal amount of Rs. 17lakhs. That means you can apply for a Home Loan of Rs. 17 lakhs.

Now, before applying for a loan you need to choose a good lender with lower interest rate, less eligibility criteria, minimal documentation and more benefits.

Oct 25, 2017 | Computers & Internet

1 Answer

Fixed Deposit for Investment

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.
TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

1 Answer

Simple interest

Using fixed simple interest:
start with $1,500. Every year you get $75 in interest.
so after 3 years you have $1,500 + $225 = $1,725.00

Compound interest:
If you use/want compound interest you gain 5% of the new amount every year. So start with $1,500
Year 1: $1,500 + $75 = $1,575
Year 2: $1,575 + $78.75 = $1,653.75
Year 3: $1,653.75 + $82.6875 = $1736.4375
So final sum is $1736.4375.
However banks usually round down so $1736.43

Jan 28, 2014 | Mathsoft Computers & Internet

3 Answers

I want to invest $5000 for 10 years through internet at 9% , how much would i get in return?

FV=PV (1+(i/12)^12n
Assuming it's compound interest.
FV=Future Value i= interest Rate n=interest period PV =Present Value

May 30, 2011 | Computers & Internet

1 Answer

. How much would you have to invest now at 8% interest to have $25,000 at the end of 7 years?

Press APPS, select the Finance app, and select the TVM Solver. Enter 7 for N, 8 for I%, -25000 for FV. Navigate to the PV line and press ALPHA ENTER to see the amount.

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A $25000 home equity line of credit based on 7.8% APR annualized

No. To the nearest cent, the monthly interest is $162.50. The monthly payments only pay the interest, without reducing the principal.

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I want the excel compound interest formula


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after 3 years u wil get rs 43692..

Aug 29, 2008 | Office Equipment & Supplies

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