Annuity Question: Calculate monthly loan payments when interest rates change?
A loan of £ 500,000 must be repaid in a period of 20 years arrears monthly level with effective interest rate of 5% for the first 5 years, 6% for the next 5 years and 7% for the rest. How I can calculate the amount of each monthly payment? Thanks for help
Dear, I saw your post, so to let you know decicided how I have my loan. I am Mr. Williams Rose, six months ago my only son became ill, was diagnosed with a heart condition, I was told by the insurance company that my insurance does not cover my child care. As a mother, I was devastated due to the fact that I just lost my a few years husband back, so I went looking for money, because my work was not paying enough to cover my son's account, I sought the help of family and friends, but had does not come, went to the bank and they told me that I could not grant a loan, because I had no guarantees. Finally, as I lost the hope to lenders on the Web because of fraud, i met a lady from China Chaitu said Mr. Frank Smith, treated him and gave him a $ 80,000 loan, now my baby okay, I'm not saying this to make you feel sorry for me, and I'm not saying, so you can help me thank you and if you're ever in need of a loan you can contact him through ultimate.lenders @ gmail.com Thanks for reading my testimony, and God bless all good people. Best Regards, Mrs. Rose
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