Periodic Compound Interest Calculator

Periodic Compound Interest Calculator

Using the compound interest formulation, calculate principal plus interest or principal or rate or intervals (time). Periods are any moment systems you want as long as you are consistent in using the same bottom time units for periods and interest rate. Remember that rate R, r, and time t should maintain the same time units such as a few months, years, or quarters. R/100 and calculated in decimal form. Compounding occurs once per period in this basic compounding formula but other calculators allow compounding more than once per period. Weisstein, Eric W. “Compound Interest.” From MathWorld–A Wolfram Web Resource.

The magic is that I want to get my money out with a down payment. Maybe I’ll go six months out to get my capital back again. 449 a month at 9% interest over another 84 months. No renters, no rehabs, no renovations, no rodents. We use a land contract as opposed to a deed of trust.

That property remains in my possession until they pay off their note. We might have, let’s say in a good overall economy of 4% default rate and in a negative economy an 8% default rate. Even if they default, I’ll get another deposit. We get another monthly payment and 90% of the are automated with software. What were you doing before you built this model? 500 million enterprise value, so nothing too big. I needed a 45-minute commute to work and back.

I was micromanaged. It had been stressful. No control was got by … Read the rest