A friend lends you $830, which you agree to repay with 5% interest. How much will you have to repay? How much of that was interest?

You plan to borrow $33,600 at a 6.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? O a. $6,126.33 O b. $5,752.43 O c. $2,184.00 O d. $1,927.75 O e. $1,952.05

If you borrow $1,000 at 8.5% simple interest and the loan requires a lump sum payment of $1,213.16, what is the term of the loan? (Round your answer to the nearest whole number.)t =  days

3. Kenneth borrowed $8100 to buy a car. If interest was charged on the loan at 7.7%, how much interest would he have to pay in 90 days?

If a consumer borrows a loan of $23, 000, and pay it off in 5 years, including the finance charges of $1, 000, What is the effective annual rate of interest?

​(Solving for r in compound interest​) You lend a friend ​$12,000​, for which your friend will repay you ​$85,000 at the end of 14 years. What interest rate are you charging your​ friend?       The interest rate you are charging your friend is nothing​%. ​(Round to two decimal​ places.)

Consider a borrower who took a loan worth 10000 at the beginning of period 1. The loan is to be repaid over 20 periods. Furthermore, assume that the interest rate is equal to 5%. How much does the borrower owe in debt at the beginning of period 3?    Don't use Excel

Suppose you have just purchased your first home for $550,000. At the time of purchase you could only afford to commit to a down payment of $55,000. In order to make the loan, the lender requires you to obtain private mortgage insurance (PMI) on their behalf. Suppose over time you paid down the principal of the loan to $535,000 and at that point in time you can no longer make any mortgage payments (i.e., you default on the loan). If the lender were to foreclose on your property and sell it for $508,000 (net proceeds), what would the lender's loss of principal be taking into consideration the protection of mortgage insurance? (Let's assume that the PMI in this case covers the top 25% of the loan.)

you get a $15000 car loan for 4 years at 6.7% interest. the lender charges $250 for an origination fee(which is added to your loan amount). what is your APR? Round to the nearest hundreth of a percent.