Calculate the monthly payment amount of the loan, Mathematics

Consider a student loan of $12,500 at a fixed APR of 12% for 25 years,

1. What is the monthly payment amount?

2. What is the total payment over the term of the loan?

3. OF the total payment over the term of the loan, what percentage is paid toward principal amount and what percentage is paid toward interest?

Posted Date: 2/28/2013 5:45:49 AM | Location : United States







Related Discussions:- Calculate the monthly payment amount of the loan, Assignment Help, Ask Question on Calculate the monthly payment amount of the loan, Get Answer, Expert's Help, Calculate the monthly payment amount of the loan Discussions

Write discussion on Calculate the monthly payment amount of the loan
Your posts are moderated
Related Questions
Higher-Order Derivatives It can be seen that the derivative of a function is also a function. Considering f'x as a function of x, we can take the derivative

Which general famously stated 'I shall return'? A. Bull Halsey B. George Patton C. Douglas MacArthur D. Omar Bradley

railway tunnel of radius 3.5 m and angle aob =90 find height of the tunnel

Laura has a rectangular garden whose width is x 3 and whose length is x4. In terms of x, what is the area of her garden? Since the area of a rectangle is A = length times widt

Give a Definition of Perimeter and Area? Perimeter is the distance around a flat (2-dimensional) shape. Area is the amount of space taken up by a flat (2-dimensional) shape. is

The height of a rectangle is 20 cm. The diagonal is 8 cm more than the length. Determine the length of the rectangle. a. 20 b. 23 c. 22 d. 21 d. To determine the len

Determine the ratio in which the line 2x + y -4 = 0 divide the line segment joining the points A (2,-2) and B (3, 7).Also find the coordinates of the point of division. [Ans:2 :

if tan theta =1,find the value of sin4 theta + cos4 theta

An elevated cylindrical shaped water tower is in require of paint. If the radius of the tower is 10 ft and the tower is 40 ft tall, what is the net area to be painted? (π = 3.14)

1 ream uses 6% of a tree, Estimate the reams of paper used in one month in an office(may be your father, mother or neighbour), hence find the number of trees that need to be cut fo