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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (399230)	1/8/2010 10:27:22 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 436258

It is?..............$100,000.00 Just for the asking, Welcome to America<g> You want to calculate the interest on $100000 at 4% interest per year after 30 year(s). The formula we'll use for this is the simple interest formula, or: I=P x r x t Where: P is the principal amount, $100000.00. r is the interest rate, 4% per year, or in decimal form, 4/100=0.04. t is the time involved, 30....year(s) time periods. So, t is 30....year time periods. To find the simple interest, we multiply 100000 × 0.04 × 30 to get that: The interest is: $120000.00 Usually now, the interest is added onto the principal to figure some new amount after 30 year(s), or 100000.00 + 120000.00 = 220000.00. LOL...no origination fees 360 X $612.00 month.....how do you like those psychostimulant apples?