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    srooker's Avatar
    srooker Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Aug 28, 2008, 01:20 PM
    Short Term Note
    How do you calculate a short term note?

    90 day 12% for $1000
    rockinmommy's Avatar
    rockinmommy Posts: 1,123, Reputation: 82
    Ultra Member
    		  
    #2

    Aug 28, 2008, 02:03 PM
    Is the 12% interest an annual rate? Are they going to make 3 monthly payments in equal amounts, or one big balloon payment at the end?
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