You borrow $25,000 at 8% rate - must repay within 4 equal payments (a) shutting of respectively of subsequent 4 years - what is recompense
Any help near this would be greatly appreciated!Answers: 1) $25,000 = x[1-(1/(1+.08)^4)]/.08
2) $2000 = x[1-(1/(1.08)^4)]
3) $2000 = x[1- .735]
4) x = $7547.17 (some calculators will round differently, so may be a few cents off due to not rounding)
Depends on the type of interest.
But, if its a math give somebody the third degree you're trying to answer without doing the work, the answer is $6750/year.
Assuming the interest is fixed: 25,000 at 8% contained by 4 years.the payment would be $610.32/month, which would be $7,323.88/year divided by 4 payments/year = $1,830.97.
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If someone sues you can you pay it in monthly payments or you have to pay it all at once?
Answers: It will depend on how the court sets it up.Some want payment all at once.(in fact, that is the most common way) However, if you can prove hardship and the judge agrees, you may be able to get payments.Good luck
If it's a choice between monthly payments or nothing, then monthly payments would make sense. The judge would have to agree to set up a payment plan- but if you offer this, you will probably get it, since it gives the plaintiff a better chance at getting their money.
I want to transfer money from japan to India.but i am not having any NRI/NRE account.how can i send money.?
Answers: Just send your money via MoneyGram or Bank Wire Transfer which is the safest but it's a little expensive and it takes time. You can also get your money via PayPal, if you don't have much knowledge about sending money via PayPal, you can contact me on Yahoo! : ybhattdp(a)yahoo.com