How do I calculate interest-only payment?

Answer Divide the annual interest rate by 100 to convert to a decimal. For example, if the annual interest rate was 9 percent, you would divide 9 by 100 to get 0.09.Calculate the interest rate per period ... Read More »

Top Q&A For: How do I calculate interest-only payment

How to Calculate Car Payment With Interest?

Buying a car can be expensive and often requires financing. Financing a car requires a monthly payment that covers both the cost of the car and interest costs associated with the financing. There... Read More »

How do i calculate car payment interest?

Calculate Periodic Interest RateDivide the annual interest rate by the number of payments you make per year. For example, most car loans require monthly payments, so if your annual interest rate wa... Read More »

How do i calculate a simple interest payment?

The ProcessCalculate a simple interest payment by multiplying the balance of the loan by the annual percentage interest, then divide by the payment period. For instance, a $1,000 balance at 5 perce... Read More »

How to Calculate an Interest Only Balloon Payment?

For many borrowers who may not know about the fine print and detailed terms of different lending agreements, an interest-only balloon payment can be a complicated thing. If you are involved in a ba... Read More »