$480 a month. At 9 dollars an hour I would make $48 dollars a day pre tax, roughly $6 bucks an hour. at $15 I would make 96 a day pre tax. which is roughly $12 per hour. Any help on what rate I should mention would help...
If you get twice interest during a year , then it is per annum compounding interest. In per annum interest rate you will get specific rate of interest in a year for your investment. You have fixed deposit of $10,000 and you will get 15%interest per annum for 10 years. This how per annum interst works.
The loan payment calculation for an interest only loan is easier. Multiply the amount you borrow by the annual interest rate. Then divide by the number of payments per year. Example (using the same loan as above): $100,000 times .06 = $6,000 per year of interest. 6000 divided by 12 equals $500 monthly payments. Assuming you never pay down any of the principal balance, your monthly payment will remain the same going forward.