Anyone half decent at maths here?

Discussion in 'Bulletin Board ARCHIVE' started by Guest, Feb 27, 2008.

  1. Gue

    Guest Guest

    If I was to borrow £16,000 over 4 years at a rate of 7.9% how much would that work out monthly?
     
    Guest, Feb 27, 2008
    #1
  2. Rev

    Revvie P Well-Known Member

    Joined:
    Jul 17, 2005
    Messages:
    4,656
    Likes Received:
    1,176
    Gender:
    Male
    Location:
    Sunny Kinsley
    Style:
    Barnsley
    Revvie P, Feb 27, 2008
    #2
  3. Dan

    DanT Active Member

    Joined:
    May 10, 2007
    Messages:
    3,344
    Likes Received:
    0
    Location:
    Sat in front of my computer
    7.9% of 16,000= 1264 a year in interest payments over months equals 106 ponud a month interest payments
     
    DanT, Feb 27, 2008
    #3
  4. Jaffa

    Jaffa Well-Known Member

    Joined:
    Jul 20, 2005
    Messages:
    2,467
    Likes Received:
    40
    Location:
    Tarn
    Style:
    Barnsley (full width)
    360 a month
     
    Jaffa, Feb 27, 2008
    #4
  5. roo

    roocust New Member

    Joined:
    Jul 13, 2005
    Messages:
    23
    Likes Received:
    0
    Location:
    Barnsley
    Loan Calculation, Wed, 27 Feb 2008




    Number of Monthly Repayments: 48

    Monthly Loan Repayment (£): £387.82

    Total amount to repay (£): £18,615.17

    Total Interest charged (£): £2,615.17
     
    roocust, Feb 27, 2008
    #5
  6. pon

    pontyender Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    10,795
    Likes Received:
    3,919
    Location:
    Barnsley
    Style:
    Barnsley (full width)
    £389.86 per month nt
     
    pontyender, Feb 27, 2008
    #6
  7. Gue

    Guest Guest

    Cheers lads nt
     
    Guest, Feb 27, 2008
    #7

Share This Page