i want to sell property at 18000.financed at 5%componded interest and receive 500.00 on month. how many months

i can’t figure th componded interest. need 500.00 from the sell of property so how many months will the contract run. thanks

2 thoughts on “i want to sell property at 18000.financed at 5%componded interest and receive 500.00 on month. how many months

  1. kim e

    39 payments of 501.01.

    0 0.00 0.00 0.00 18000.00
    1 501.01 426.01 75.00 17573.99
    2 501.01 427.79 73.22 17146.20
    3 501.01 429.57 71.44 16716.63
    4 501.01 431.36 69.65 16285.27
    5 501.01 433.16 67.86 15852.11
    6 501.01 434.96 66.05 15417.15
    7 501.01 436.77 64.24 14980.38
    8 501.01 438.59 62.42 14541.78
    9 501.01 440.42 60.59 14101.36
    10 501.01 442.26 58.76 13659.10
    11 501.01 444.10 56.91 13215.01
    12 501.01 445.95 55.06 12769.06
    13 501.01 447.81 53.20 12321.25
    14 501.01 449.67 51.34 11871.57
    15 501.01 451.55 49.46 11420.03
    16 501.01 453.43 47.58 10966.60
    17 501.01 455.32 45.69 10511.28
    18 501.01 457.22 43.80 10054.06
    19 501.01 459.12 41.89 9594.94
    20 501.01 461.03 39.98 9133.91
    21 501.01 462.95 38.06 8670.95
    22 501.01 464.88 36.13 8206.07
    23 501.01 466.82 34.19 7739.25
    24 501.01 468.77 32.25 7270.49
    25 501.01 470.72 30.29 6799.77
    26 501.01 472.68 28.33 6327.09
    27 501.01 474.65 26.36 5852.44
    28 501.01 476.63 24.39 5375.81
    29 501.01 478.61 22.40 4897.20
    30 501.01 480.61 20.40 4416.59
    31 501.01 482.61 18.40 3933.98
    32 501.01 484.62 16.39 3449.36
    33 501.01 486.64 14.37 2962.72
    34 501.01 488.67 12.34 2474.05
    35 501.01 490.70 10.31 1983.35
    36 501.01 492.75 8.26 1490.60
    37 501.01 494.80 6.21 995.80
    38 501.01 496.86 4.15 498.93
    39 501.01 498.93 2.08 0.00
    Tot: 19539.48 18000.00 1539.48

  2. Sumarna

    Whichever you reason, there are now many property investors who are looking to purchase properties for a good price. Many of them are cashed up and ready to buy at very short notice. In fact, in some cases, the sale can be completed within seven days, which is great news if the bailiffs are knocking at your door or if you have experienced a broken property chain and risk losing your dream home.

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