If you buy a computer directly from the manufacturer for $3,509 and agree to repay it in 36 equal installments at 1.73% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? [U]Determine the monthly payment[/U] The monthly payment is [B]$114.87[/B] using our [URL='http://www.mathcelebrity.com/annimmpv.php?pv=3059&av=&pmt=&n=36&i=1.73&check1=1&pl=Calculate']annuity calculator[/URL] [U]Determine the total payments made[/U] Total payment is 36 times $114.87 = $4,135.37 [U]Now determine the total interest paid[/U] Take the total payments of $4,135.37 and subtract the original loan of $3,059 to get interest paid of [B]$1,076.37[/B]

Janice is looking to buy a vacation home for $185,000 near her favorite southern beach. The formula to compute a mortgage payment, M, is shown below, where P is the principal amount of the loan, r is the monthly interest rate, and N is the number of monthly payments. Janice's bank offers a monthly interest rate of 0.325% for a 12-year mortgage. How many monthly payments must Janice make? 12 years * 12 months per year = [B]144 mortgage payments[/B]

Free Money Multiplier Calculator - Given a reserve ratio and initial deposit amount, this calculates the money multiplier and displays the re-lending process table for a bank to other banks including reserves and loans.

Free Mortgage Calculator - Calculates the monthly payment, APY%, total value of payments, principal/interest/balance at a given time as well as an amortization table on a standard or interest only home or car loan with fixed interest rate. Handles amortized loans.

Free Sinking Funds Calculator - Solves for Sinking Fund Deposit or Initial Loan Amount.