Formula to figure out the principal in the equation

Assignment Help Macroeconomics

Reference no: EM13196389

How do I figure out the principal in the equation principal X rate X time?

I am borrowing $255,920.00 which is the total amount of the home ($319,900.00) minus $63,980.00 (20%I put down).

I am trying to figure out what my monthly payment on the loan which willneed to be paid back in 25 years at 6.5%?

Reference no: EM13196389

Questions Cloud

The ratio of females per 100 males among the children : If 96% of Chinese couples have one child which is female 50% of the time and the remaining 4% of Chinese couples engage in sex-selective abortion until they have a male child.

What environmental problems : What environmental problems are you aware of in St Louis, MO and do you think would be the most appropriate to solve this problems?

Use of rhetorical explanations : According to Moore and Parker (2007), “Even definitions by example can slant a discussion if the examples are prejudicially chosen…If one wants to see all sides of an issue, one must avoid definitions and examples that slant a discussion” (p. 121). T..

Diagnostic labels is destructively antidemocratic : That the use of DSM-IV diagnostic labels is destructively antidemocratic, because it enables an elite corps of mental health professionals to subtly control the values and life-styles of the rest of society.:

Formula to figure out the principal in the equation : I am borrowing $255,920.00 which is the total amount of the home ($319,900.00) minus $63,980.00. i am trying to figure out what my monthly payment on the loan which willneed to be paid back in 25 years at 6.5%.

Fantastic voyage : Your "Fantastic Voyage!" is continuing. You are still a video reporter piloting a mini-sub that has been put through a miniaturization process making you and the sub only 8 microns long. This time, you have been swallowed by a 55 year old man eating ..

Evaluation, and programming system for infants and children : Are the Assessment, Evaluation, and Programming system for infants and Children (2nd edition), Ages and Stages Questionnaire, the E-LAP, and the Brigance Early Childhood Inventory "standardized tests"?

Mass production in late nineteenth-century american economy : The introduction of mass production in the late nineteenth-century American economy

User Account

All Pages