An installment contract for the purchase of a car requires payments of ​$217.43 at the end of each month for 6 years. Interest is 6% per annum compounded monthly. ​(a) What is the amount​ financed? ​(b) How much is the interest​ cost?

ABC can take a 45-day loan with a 15% interest deducted in advance, to be reapplied each time. How much is the compounded annual cost of the loan?

A personal loan for $20,000 has an interest rate of 12% over 5 years with monthly payments. What is the monthly uniform payment? What is owed on the loan after 3 years?

A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40 identical installment payments, calculate N. ASSume the Annual interest rate is 0.6 %.

A house costs $147,000. It is to be paid off in exactly ten​ years, with monthly payments of $1,783.52. What is the APR of this​ loan?   A. 6​%   B. 8​%   C. 7​%   D. 9​%   Please use BA II where applicable.

Consider a student loan of ​$12,500 at a fixed APR of 12​%for 25 years. What is the monthly payment?​(Do not round until the final answer. Then round to the nearest cent as​ needed.) The total payment over the term of the loan is?​(Round to the nearest cent as​ needed.)  Of the total payment over the term of the​ loan ​%? is paid toward the principal and ​%? is paid toward interest.

$5476.6 monthly  If you can afford to pay the monthly payment from the above calculation, how much can you borrow? Assume that the term is 20 years and the interest rate is 6.25%.

An instalment contract for the purchase of a car requires payments of $280.49 at the end of each month for 3.75 years. Interest is 10% per annum compounded monthly. 1. The amount financed is: 2. The interest is:

A loan of $ 1,000 is being paid with annuities of $ 80 at an interest rate of 5. One year after the loan is actually paid, if after 7 payments it is agreed that the rest of the debt will be covered with two One-time equal payments at the end of year 9 and 11. How much are these payments so that the debt is paid off entirely?

An installment contract for the purchase of a car requires payments of ​$206.33 at the end of each month for 5 years. Interest is 5% per annum compounded monthly. ​(a) What is the amount​ financed? ​(b) How much is the interest​ cost?