Wednesday

September 17, 2014

September 17, 2014

Posted by **Haydee** on Friday, September 1, 2006 at 1:37am.

what amortization would be required every 6 months at 14% interest, to pay off a 35,000 loan within 4 yrs? I have tried and tried and can not get it. Help.

2. tax liability of $6,420 and owes additonal taxes amounting $235/ entitled to 1 tax credit of $374 and another credit $563. employer witholds $260 every 2 wks from paycheck. how much will receive or owe. help on this one too,. have been working on it all day and nothing,.

Ok Haydee, did you check the Amortization calculator at Wikipedia like I suggested?

For your problem I think i=.07 since this would be half a year's interest, n=8 since there are two payments for 4 years and P=35,000. I'll look at the second problem shortly.

Problem 2.

tax liability = 6,420

+additional tax= 235

-tax credits = 374 + 563 = 937

__________________

tax liability = 5718

If 260 is withheld every two weeks then 5718/260 is approx. 21.99, which means at least 22 2wk periods, or 44 weeks, will be needed to pay off the tax liability, if I understand the problem correctly. Should this be another amortization type problem?

Huh? What's this about?

- math -
**Terry**, Friday, September 7, 2012 at 11:16amI have a loan of 35.000 for 21 years my payment is 304. A month at 6.5 interest. How much do I need to paytoward the principal ea h month to pay the loan off in 5 years

**Answer this Question**

**Related Questions**

Math amortization payments - What amortization payment would be required every ...

MATH - I am stuck in this question. "amortization payments" What amortization ...

math 106 - what amortization payment would be required every month, at 12% ...

math - what formula would i use to solve for this: Loan Interest A developer ...

math - Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization...

Math - Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization...

Math - Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization...

help please math - Andy needs to pay off a loan of $18,000 in 5 years. Find the ...

Maths - Firm has a $500,000 loan with 9% APR (compounded monthly) Loan is 5-yr ...

college math - a math student borrowed $9300.00 from his local bank at 7% ...