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-   -   Fortnightly repayments (https://www.askmehelpdesk.com/showthread.php?t=351920)

  • May 10, 2009, 04:32 AM
    861966
    Fortnightly repayments
    How much would fortnighly repayments be of $65,000 for 5 years
  • May 10, 2009, 04:38 AM
    tickle

    What is the interest rate ?

    Tick
  • May 10, 2009, 04:38 AM
    annalizagaspar

    To be able to answer the following question please provide the interest rate.
  • May 10, 2009, 04:53 AM
    861966
    Payments fortnightly
    How much would fortnightly payments be for $65000 for 5 years at 6% per annum
  • May 10, 2009, 05:16 AM
    tickle

    You keep on asking, we keep on asking that you give us more information.
  • May 10, 2009, 05:31 AM
    ScottGem
    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.
  • May 10, 2009, 05:34 AM
    861966
    How much the payment is
    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.
  • May 10, 2009, 05:37 AM
    ScottGem

    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:



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  • May 10, 2009, 05:39 AM
    861966
    Fortnightly payments
    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...es/biggrin.gif
  • May 10, 2009, 05:40 AM
    annalizagaspar

    Try using the calculators here

    Mortgage Rates: Refinance, Home Equity HELOC, Fixed and Adjustable, Home Loans - RateMarketplace.com Int'l
  • May 10, 2009, 05:42 AM
    J_9
    Sounds like homework.

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