Question

 How do I figure interest payments?

Answer Convert the interest rate from a percentage to a decimal by moving the decimal two places to the left. For example, if the periodic interest rate is 1.5 percent, move the decimal two places to the... Read More »
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Top Q&A For: How do I figure interest payments

How to Figure Interest Payments?

When you take out a loan, you usually agree to pay it back over a certain period of time at a set monthly payment. However, some loans offer you the option of making interest-only payments on the l... Read More »
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How do I figure out interest payments?

Determine the principal amount remaining on the loan, as well as the interest rate per month, then multiply the interest rate per month by the remaining principal amount. For example, assume that $... Read More »
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How do I figure interest payments on a boat loan?

Figure Periodic RateDivide the annual interest rate by the number of payments you make per year. For example, if your boat loan has a 9.6 interest rate and you make monthly payments, you would divi... Read More »
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How do I figure out car payments?

Interest FactorAdd the interest rate per month to one. Then raise the sum to the power of the number of monthly payments on the loan. Then subtract one. For example, a person has a car loan for $20... Read More »
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