1. Multiply the principal by the rate of interest. For example, using $8,500 as the amount of principal and .0325 as the rate of interest, the calculator will display 276.25. 2. Multiply
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Interest per annum is a compound interest, determined every year that the loan has not been paid. A $100.00 loan at 1% per annum requires you to pay back $101.00 and another 1% the
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calculate 10% of number (2950.00 x 10% = 295.00) then divide it by 12.
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1. If the amount they owe all became due at once, eg. if it is just one rent payment, then. debt = principal * (1 + annualInterestRate/100) ^ nYears. interest = debt  principal.
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