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"Finance thingies."

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Sun 06/02/05 at 18:24
Regular
Posts: 14,437
You know when you buy something on credit, and pay in installments? Well you know how the Monthly payment is obviously lowered depending on how much you pay upfront?

Yes?

Well, could you possibly point me in the direction of a calcumalation doohickey that can work out what my Monthly payments would be depending on varying levels of up-front payment? I'd have to take into account the interest rate too of course. EDIT - and the term of the agreement also

Failing that, how would I work it out myself? I ain't exactly a mathematics whizz, and trying to work it out in my head just makes it hurt :(
Sun 06/02/05 at 18:38
Regular
Posts: 14,437
Ah, would you just multiply the final figure by an interest rate?
Sun 06/02/05 at 18:38
Regular
Posts: 14,437
You're forgetting the interest rate though. Without that, I'd get an incorrect figure
Sun 06/02/05 at 18:35
Regular
Posts: 3,941
Wouldn't it be?

Original amount - amount paid in advance = amount paid over months

Amount paid over months divided by how many months.
Sun 06/02/05 at 18:34
Regular
Posts: 14,437
:(
Sun 06/02/05 at 18:33
Regular
"Not a Jew"
Posts: 7,532
I got a C in maths. My worst mark.. :(
Sun 06/02/05 at 18:32
Regular
Posts: 14,437
Well how would I work it out on a calculator?

I can't seem to figure it out for myself
Sun 06/02/05 at 18:29
Regular
"Not a Jew"
Posts: 7,532
>Well, could you possibly point me in the direction of a calcumalation doohickey that can work out what my Monthly payments would be depending on varying levels of up-front payment?"

They've got these things now called calculators.


Sorry, my post is absolutely worthless. I apologise and will now leave.
Sun 06/02/05 at 18:24
Regular
Posts: 14,437
You know when you buy something on credit, and pay in installments? Well you know how the Monthly payment is obviously lowered depending on how much you pay upfront?

Yes?

Well, could you possibly point me in the direction of a calcumalation doohickey that can work out what my Monthly payments would be depending on varying levels of up-front payment? I'd have to take into account the interest rate too of course. EDIT - and the term of the agreement also

Failing that, how would I work it out myself? I ain't exactly a mathematics whizz, and trying to work it out in my head just makes it hurt :(

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