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861966
May 10, 2009, 04:32 AM
How much would fortnighly repayments be of $65,000 for 5 years

tickle
May 10, 2009, 04:38 AM
What is the interest rate ?

Tick

annalizagaspar
May 10, 2009, 04:38 AM
To be able to answer the following question please provide the interest rate.

861966
May 10, 2009, 04:53 AM
How much would fortnightly payments be for $65000 for 5 years at 6% per annum

tickle
May 10, 2009, 05:16 AM
You keep on asking, we keep on asking that you give us more information.

ScottGem
May 10, 2009, 05:31 AM
I've merged your threads, please don't start multiple threads with the same question. Use the Answer This Question options for follow-up.

Do you have access to a spreadsheet program like Excel? Most have an amortization template that would calculate this for you.

861966
May 10, 2009, 05:34 AM
A debt of $6000 is due in 3 years and $7000 is due in 4 years is to be repaid by a single payment now. How much is the payment if an interest rate of 6.5% semi-annually is assumed.

ScottGem
May 10, 2009, 05:37 AM
Again, I merged your threads. Please don't keep starting a new thread. Also please review the guidelines on asking for help with homework that can be found here:



Ask Me Help Desk - Announcements in Forum : Arts & Literature (https://www.askmehelpdesk.com/arts-literature/announcement-u-b-read-first-expectations-homework-help-board-b-u.html)

861966
May 10, 2009, 05:39 AM
Find the simple interest due and the total owing for a loan of $50,000 at 6% per annum for 5 years.
Then find out how much the fortnightly repayments will be.https://www.askmehelpdesk.com/images/smilies/biggrin.gif

annalizagaspar
May 10, 2009, 05:40 AM
Try using the calculators here

Mortgage Rates: Refinance, Home Equity HELOC, Fixed and Adjustable, Home Loans - RateMarketplace.com Int'l (http://www.ratemarketplace.com/mortgage_int.html)

J_9
May 10, 2009, 05:42 AM
Sounds like homework.