$16 thousand loan for 1 month - calculate:
Calculate payments: $16 thousand loan, 1 month term.
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
||
| $16000, 2%, 1 month | $16027 | $16027 | $27 | ||
| $16000, 3%, 1 month | $16040 | $16040 | $40 | ||
| $16000, 3.3%, 1 month | $16044 | $16044 | $44 | ||
| $16000, 3.5%, 1 month | $16047 | $16047 | $47 | ||
| $16000, 4%, 1 month | $16053 | $16053 | $53 | ||
$16 thousand loan for 1 month, 1 month, or 2 months:
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
| $16 thousand, 3%, 1 month | $16040 | $16040 | $40 |
| $16 thousand, 3.3%, 1 month | $16044 | $16044 | $44 |
| $16 thousand, 3.3%, 2 months | $8044 | $16088 | $88 |
Calculations applicable for many banks: Bank of America, Wells Fargo, HSBC, Goldman Sachs Group, etc.