how to figure interest on a contract for deed?

[Cathy]

I am selling a bare acre of land on a contract for deed. the asking price is 19000. with a downpayment of 5400. How do I figure the annual payment at 6% interest

[kk292]

Well for that you should see http://biznuss.net
i hope that resolve your problem keep using answers.yahoo.com

[DavidZ085]

Cathy over what period is the amortization (principal to be repaid over)? 10, 20 30 years?

also how frequently are payments? annually or monthly?

if you have access to Excel you can use that.