A borrower had a loan of $7800 at 5.6% compounded semiannually, with 20 semiannual payments. Suppose the borrower paid off the loan after 3 years. Calculate the amount needed to pay off the loan.

A finance company uses the discount method of calculating interest. The loan principal is $5,000, the interest rate is 10%, and repayment is expected in two years. You will receive

Using the Add-On Method, calculate the monthly payment for a $ 8,500 loan that is borrowed for 3 years at an interest rate of 4%

Consider an amortized loan of $41,000 at an interest rate of 7.9% for 8 years. What is the total interest owed? Round to the nearest dollar.

The following loan is a simple interest amortized loan with monthly payments. (Round your answers to the nearest cent.) $4000, 9 1/2%, 4 years   (a) Find the monthly payment.(b) Find the total interest.

Consider a loan of $7700 at 6.8% compounded semiannually, with 18 semiannual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated semiannual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The semiannual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is $ (Round to the nearest cent as needed.) The total amount of interest paid is $. (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $ (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)

A borrower had a loan of $7600 at 6.4% compounded semiannually, with 14 semiannual payments. Suppose the borrower paid off the loan after 2 years. Calculate the amount needed to pay off the loan. The amount needed to pay off this loan after 2 years is (Round to the nearest cent as needed.)

Consider a loan of $90,000 at 4% compounded annually, with 12 annual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated annual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The annual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is S (Round to the nearest cent as needed.) The total amount of interest paid is $ (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $. (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)

A loan of $1500 is repaid with a check for $1575.  If the annual simple interest rate was 15%, what was the time length of the loan in years? In months?

If a student loan was repaid by monthly payments of $800.00 in 5.0 years at 7.00% compounded semi-annually, how much interest was paid?