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    861966's Avatar
    861966 Posts: 9, Reputation: 1
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    #1

    May 10, 2009, 04:32 AM
    Fortnightly repayments
    How much would fortnighly repayments be of $65,000 for 5 years
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    May 10, 2009, 04:38 AM

    What is the interest rate ?

    Tick
    annalizagaspar's Avatar
    annalizagaspar Posts: 6, Reputation: 1
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    #3

    May 10, 2009, 04:38 AM

    To be able to answer the following question please provide the interest rate.
    861966's Avatar
    861966 Posts: 9, Reputation: 1
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    #4

    May 10, 2009, 04:53 AM
    Payments fortnightly
    How much would fortnightly payments be for $65000 for 5 years at 6% per annum
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #5

    May 10, 2009, 05:16 AM

    You keep on asking, we keep on asking that you give us more information.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    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.
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    861966 Posts: 9, Reputation: 1
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    #7

    May 10, 2009, 05:34 AM
    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.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #8

    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
    861966's Avatar
    861966 Posts: 9, Reputation: 1
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    #9

    May 10, 2009, 05:39 AM
    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
    annalizagaspar's Avatar
    annalizagaspar Posts: 6, Reputation: 1
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    #10

    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
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
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    #11

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