To calculate the monthly payment, convert percentages to decimal format, then follow the formula:
a: $100,000, the amount of the loan.
r: 0.005 (6% annual rate—expressed as 0.06—divided by 12 monthly payments per year)
n: 360 (12 monthly payments per year times 30 years)
Can cows and buffalo mate?
Beefalo constitute a hybrid offspring of domestic cattle (Bos taurus), usually a male in managed breeding programs, and the American bison (Bison bison), usually a female in managed breeding programs. The breed was created to combine the characteristics of both animals for beef production.
Deer-cow hybrids are rare, but certainly not unheard of. There are many reports of cows being impregnated by stags, though the reciprocal cross, bull × doe, never seems to occur, perhaps because does are too frail to be mounted by bulls.
Monthly flat rate is to calculate the monthly repayment amount for an instalment loan, which can be illustrated in the example below. Example: Loan Amount = HK$60,000. Monthly flat rate = 0.50% Repayment period = 24 months.