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Updated over 12 years ago on . Most recent reply

Robert Pangborn's profile image
Robert Pangborn's profile image
Robert Pangborn
  • Real Estate Investor
  • from Maybrook, New York
  • Member since Sep 29, 2012
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19
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2
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Robert Pangborn's profile image
Robert Pangborn's profile image
Robert Pangborn
  • Real Estate Investor
  • from Maybrook, New York
  • Member since Sep 29, 2012
Connect
Robert Pangborn
  • Real Estate Investor
  • Maybrook, NY
2
Votes |
19
Posts
Creative Real Estate Financing

Figure out Int earned on an anuity?

Robert Pangborn
  • Real Estate Investor
  • Maybrook, NY
Posted

Some one who is willing to loan me money has an annuity, but is unsure how much int they are earning. I obviously would be paying a higher interest then she is earning. Lets say she had $29484.00 at the start of the quarter. At the end of the quarter she had a balance of $30,750.00. Increase of $1266.00. The increase is Interest only. No deposits from her. So what is the Formula to figure this out?

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