6 month loan with 6% interest rate. Amount of loan is $4800. What is interest on one month?
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6 month loan with 6% interest rate. Amount of loan is $4800. What is interest on one month?
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- Calculating interest and APR of installment loan. Assuming that interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments of 166.10? What is the APR on this loan?If $900 is borrowed and the interest after 6 months is $63, what is the annual interest rate for a simple interest loan? Rate= %A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is $1.00 per day per $100 borrowed until the loan is repaid. What is the APR for a $300 payday loan that is repaid in five days? 1.67 Need Help? Read It
- Find the length of the loan in months, if $800 is borrowed with an annual simple interest rate of 17% and with $924.666666666667 repaid at the end of the loan. Length of the loan = months.If $800 is borrowed and the interest after 6 months is $44, what is the annual interest rate for a simple interest loan?6. Calculate the simple interest due on a four-month loan of $900 if the interest rate is 2.2% per month?
- A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is $1.00 per day per $100 borrowed until the loan is repaid. What is the APR for a $300 payday loan that is repaid in five days?What's the interest in a $500 loan at an annual simple interest of 9% at the end of 6 months?Given the following loan information: Annual loan payment = $47,100 Number of remaining periods = 6 Interest rate = 12% What is the book value of the loan?
- Find apr of the loan given the amount of the loan, number and type of payments and the add on interest rate. Loan amount $6000, 3 yearly payments ;rate 8% the annual percentage rate is?Find the annual simple interest rate of a loan, where $800 is borrowed and where $888 is repaid at the end of 4 months. Annual simple interest rate = %.A payday loan is made for six weeks, where the amount of the interest owed per $100 borrowed is $20. If you borrow $500 for six weeks how much do you owe at the end of six weeks and what is the APR for this transaction?