Question by dante s: might lost 3 straight loan repayments hurt the credit?
If you missed 3 straight loan repayments however, then paid it off plus brought the balance up-to-date, plus then created the rest of the repayments about time, might a credit nevertheless be affected?
How many repayments do you must miss before the credit score goes down?
Best answer:
Answer by src50
Only 1, when the creditor reports it.
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Question by Ryan Geis: How much would your quarterly loan payments have to be in order to pay off a loan of 00.00? The interest ra?
How much would your quarterly loan payments have to be in order to pay off a loan of $ 6500.00? The interest rate is 8% compounded quarterly, and you want to pay the loan off in 5 years. (Round to 2 decimal places.)(Remember to answer with no extra spaces or punctuation, but do include your units.)I just need the answer
Best answer:
Answer by M3
let A = Amount of loan, P = Periodic Paymentsand r & n adjusted for periodicity to .08/4 = .02 and 4*5 = 20 quartersP = Ar/(1 – (1+r)^-n)= 6500*.02/(1 – 1.02^-20)= $ 397.52—————
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