$16 thousand loan for 6 months - calculate:
Calculate payments: $16 thousand loan, 6 months term.
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
||
| $16000, 2.5%, 6 months | $2700 | $16200 | $200 | ||
| $16000, 2.8%, 6 months | $2704 | $16224 | $224 | ||
| $16000, 3.1%, 6 months | $2708 | $16248 | $248 | ||
| $16000, 3.6%, 6 months | $2715 | $16288 | $288 | ||
| $16000, 5%, 6 months | $2733 | $16400 | $400 | ||
$16 thousand loan for 4 months, 7 months, or 9 months:
| Loan Amount: | Payment Every Month: | Total Payments: | Total Interest: |
| $16 thousand, 2.8%, 4 months | $4037 | $16149 | $149 |
| $16 thousand, 3.1%, 7 months | $2327 | $16289 | $289 |
| $16 thousand, 3.1%, 9 months | $1819 | $16372 | $372 |
Calculations applicable for many banks: Bank of America, Wells Fargo, TD Bank, PNC Financial Services, etc.