Financing in 07111 : Questions & Answers

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Rahzhak Mizh…, Real Estate Pro in Shamong, NJ
Rahzhak Mizhauni-BA.,MLT answered:
How do I calculate interest earned on a security deposit? $5100 security deposit@ 0.04 for 4 years?
First year: 2.04
2nd : 4.08
3rd:6.02
4th: 8.16

ie:p/w=% or p/%=w or %xw=p...5100x.04%=2.04x4=8.16
0 votes Share Flag Sun Dec 22, 2013 Financing in 07111
Jim Driscoll, Real Estate Pro in Lynnfield, MA
Jim Driscoll answered:
how do you calculate interest income earned from assets (property in florida)?
It is calculated of the tax return with an average of 2011-2012 unless 2012 is less then they take the lower. If the down payment is part of the assets then the income would be reduced ... more
0 votes Share Flag Fri May 31, 2013 Financing in 07111
NJJoany, Home Owner in Irvington, NJ
NJJoany answered:
How do I calculate the interest earned on my security deposit, with a different interest rate each year, and?
RE: MY FIRST ANSWER BELOW TO YOUR QUESTION. We finally got the tracking number from the landlord on a text msg and yesterday, I went to the PO & got the certified mail with a nast ... more
0 votes Share Flag Tue Oct 18, 2011 Financing in 07111
NJJoany, Home Owner in Irvington, NJ
NJJoany answered:
in NJ. does interest on rental security deposits have to be addressed in lease for tenant to get the interest?
No, it is written into the Law. Here is the section to link to. We, too, are fighting to get back my deceased daughter's deposit back with 10 yrs interest. We will go to Small C ... more
0 votes Share Flag Wed Oct 12, 2011 Financing in 07111
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
how much interest should have been paid to me or decducted from my rent if I paid a $500 security deposit in 2004 and currently live in campbell, ca?
California state law does not require landlords to pay interest on security deposits, but some local rent control laws do - Campbell, CA nor anywhere in Santa Clara County is subject to ... more
0 votes Share Flag Wed Oct 5, 2011 Financing in 07111
Corey Grushin, Real Estate Pro in Morris County, NJ
Corey Grushin answered:
How do I caluculate interest earned on security deposit? $1425 security deposit @ 3% for 6 years
To figure out compound interest earned Use Microsoft Excel. in cell A1 type 1425. underneath 1425 in cell A2 type '=A1*1.0025' then hit enter the number 1428.5626 should appear in cell ... more
1 vote Share Flag Sun Mar 16, 2008 Financing in 07111
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