A loan of P15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if a) The loan is due in seven months; b) The loan was taken out on April 7 and is due in seven months?

You borrow $145,000 and must make annual loan payments of $11,635.18 for 20 years, starting at the end of the year.  What interest rate are you being charged?   a. 5%   b. 7%   c. 8%   d. 9%   e. 6%

A loan of £70,000 is repaid in 18 annual instalments of £6,400,with the first repayment due in one year.What is the interest rate?

Find the refund fraction on a 18-month loan with interest of $2,590 if the loan is paid in full with 14 months remaining. The refund fraction is| (Type an integer or a fraction.)

A mortgage of $176,000 is to be repaid by making payments of $1010 at the end of each month. If interest is 5.74% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is year(s) and month(s).

3. A person borrows $5,000 at an interest rate of 18%, compounded monthly. Monthly payments of $180.76 are agreed upon. а) What is the length of the loan? b) month to pay off the entire loan balance? What is the total amount that would be required at the end of the sixth

Calculate the monthly payment on a home loan of R1 million, duration of 25 years, and interest rate7% p.a. Payments are made at the end of the month.

SportZ has negotiated a loan of $25 000 with interest at 7.6% per annum, to be paid as month-end payments of $2200.00 over the next year. Construct a loan amortization schedule to answer the following questions. i. How much interest is paid over the first two months? ii. How much of the principal is paid by the end of the first two months? iti. How much interest is paid over the term of the loan? iv. What is the amount of the final payment?]