--173.24.xxx.xxx

Simple interest? What type of interest ? --99.203.xx.x

--96.40.xx.xx

$618.47 --68.38.xx.xx

22, doing it in my head I come up with $61.00 if I use the calculator,who knows what I'll come up with,what did you get?..............charlie..................................the bank and I,don't usually agree..........so what's the answer...................................... --32.214.xxx.xx

Wouldn't it be $610? --74.37.xx.xx

Thanks to all for provisionally confirming I'm not looking like a fool for arguing this with them! --173.24.xxx.xxx

Was that 5% annual? That would affect my calculation as well. --100.15.xxx.xxx

Unless your bank calculates the full month. Talk to a manager not a counter clown. --74.37.xx.xx

#22,We've been sidewiped by a sidewinder.................charlie.................sorry about that --32.214.xxx.xx

I still say my original math is closer,I didn't go to third for nothing.and walk almost four mile a day each way................charlie.............................................................. --32.214.xxx.xx

I still say my original math is closer,I didn't go to third grade for nothing.and walk almost four mile a day each way................charlie.............................................................. --32.214.xxx.xx

#22i, Hers goes again ,73 @thousand n 5% is $365.00 a year in interest right ,so that's a dollar a day ,and 61 days is $61.00.....@awhere did all that other money come from. Why did I leave Derry,why oh why...........charlie...........No wonder the Titanic went down............... --32.214.xxx.xx

And we think Alice gets confused..............no wonder........charlie....................... --32.214.xxx.xx

.05 / 12 = .0041666 x 61 / 30 = .008472 x $73,000.00 = $618.456 --71.174.xx.xx

Charlie, your math is missing a 0. Have any money you want to lend? --74.37.xx.xx

--47.17.xxx.xxx

you said 5% for 61 days-- you didn't say per annum... --99.103.xxx.xxx

NE,no money to lend and still don't think there's an 0 missing.Do I have to take off my shoes again? 73 big ones at 5%, is 5x3 Is 5 ^and carry 1. 5x7 is 35and the 1 Is 36 so 365dollars interest for the year which is a dollar a day in interest,365 days in a year right?And he's only getting it for Sixty one days,right ,so a dollar a day by Sixty one days is sixty one smakeroos,where did you get the other O? I know it's confusing,you even got me confused, may still have to take off my shoes,and I didn't want to do that.Darn...........charlie............................................why didn't I stay in Derry?...................... --32.214.xxx.xx

Simple math? Are you compounding, because, for sure, the bank is. --174.216.xx.xxx

Ask them to explain how they arrived at that number. --108.44.xx.xx

I've been saying this for years. --108.51.xxx.xxx

Charlie, $73,000 @ 5% per year interest only is 73,000 X .05 which equals 3,650. Divided by 365 days in a year equals $10 a day. That would roughly be a $304 payment per month. If the payment per month was made with your math, it would be $34 a month for $73,000 loan. The bank would have a line out the door longer than a Trump rally. You're missing a 0. Must be the math in Derry. --74.37.xx.xx

--24.180.xxx.xxx

John,I do remember paying off a FHA loan years ago and it was calculated for the whole month even though it was going to be paid on the first of the month --72.231.xxx.xxx

NE, you are so right. Sorry I was so pig headed.I knew,deep down I should have taken off my shoes at the start.My grade school teacher would be turning over in his grave.Sorry Mr Andy.Mebby Fred in California is right,my math needs a bit of a review,A big bit? Carry on,A new day dawns................charlie..........there is an 0................................. --32.214.xxx.xx

--74.251.xx.xxx

T-Bird,It's too bad you weren't closer,going over to the Irish Club Tomorrow around noon,they have a bit of a pic-nick for us Zeniors,while the weather's half decent,you'ld definitely be invited...................charlie..............the posts reflect where we came from ,spelling and all......................................... --32.214.xxx.xx

--99.203.xx.xxx

I am curiouse how they come up with $800+. Does that include fees or some nonsense about it not being the last day of the month? --74.130.xxx.xxx

probably loan orgination fee --66.117.xxx.xx