A construction company takes a loan of $535,000 to cover the cost of a new grader. If the interest rate is 6.7​% ​APR, and payments are made monthly for five​years, what percentage of the outstanding principal does the company pay in interest each​ month?   A. 0.66​%   B. 5.58​%   C. 0.51​%   D. 0.61​%   E. 0.56​%

Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank in the amount of $680,000. The terms of the loan are 3.4% annual interest rate and payable in 8 months. Interest is due in equal payments each month. A. Compute the interest expense due each month. If required, round final answer to two decimal places. $fill in the blank f6a95d01507605c_1 B. Show the journal entry to recognize the interest payment on October 20, and the entry for payment of the short-term note and final interest payment on May 20. If required, round final answers to two decimal places. If an amount box does not require an entry, leave it blank. Oct. 20   fill in the blank 1acca4f97faa002_2 fill in the blank 1acca4f97faa002_3     fill in the blank 1acca4f97faa002_5 fill in the blank 1acca4f97faa002_6 May 20   fill in the blank 1acca4f97faa002_8 fill in the blank 1acca4f97faa002_9     fill in the blank 1acca4f97faa002_11 fill in the blank…

A truck costing $118,000 is paid off in monthly installments over four years with 8.7​% APR. After three years the owner wishes to sell the truck. What is the closest amount from the following list that he needs to pay on his loan before he can sell the​ truck?   A. $40,127   B. $26,751   C. $33,439   D. $46,815

A small manufacturing company borrowed $1 million and repaid the loan through monthly payments of $20,000 for 2 years plus a single lump-sum payment of $1 million at the end of 2 years. The interest rate on the loan was closest to:a. 0.5% per monthb. 2% per monthc. 2% per yeard. 8% per year

PLEASE USA BA II WHEN POSSIBLE. A construction company takes a loan of $1,732,000 to cover the cost of a new grader. If the interest rate is 8.55​% ​APR, and payments are made monthly for five​ years, what percentage of the outstanding principal does the company pay in interest each​ month?   A. 0.71​%   B. 0.66​%   C. 7.13​%   D. 0.81​%   E. 0.76​%

one  received a loan of $51,000.00 at 3.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total amount of interest paid was $17,582.10.

A machine can be leased for four years at $1000 per month payable at the beginning of each month. Alternatively, it can be purchased for $45,000 and sold for $5000 after four years. Should the machine be purchased or leased if the firm's cost of borrowing is: a. 6.6% compounded monthly? b. 9% compounded monthly? *

The Superior Tool Company is repaying a debt of $16,000 by payments of $1000 made at the end of every three months. Interest is 7.5% compounded monthly. (a) How many payments are needed to repay the debt? (b) What is the size of the final payment? (a) The number of payments to be made is (Round up to the nearest whole number.) (b) The amount of the last payment is $ (Round to the nearest cent as needed.)

CTL (Concrete Testing Lab) borrowed $40,000 for new equipment at 12% per year, compounded quarterly. It is to be paid back over 4 years in equal quarterly payments. a. How much interest is in the 6th payment? b. How much principal is in the 6th payment? c. What principal is owed immediately following the 6th payment?

A construction company takes a loan of $1,322,000 to cover the cost of a new grader. If the interest rate is 7.95​% ​APR, and payments are made monthly for five​ years, what percentage of the outstanding principal does the company pay in interest each​ month?   A. 0.76​%   B. 6.63​%   C. 0.61​%   D. 0.71​%   E. 0.66​%