Brian took eight years to pay off his $71,900 loan. The loan had an interest rate of 8.16%, compounded quarterly. If Brian paid quarterly and made the same payment every time, how much was each payment that he made?

Timothy received a $39,550 loan from a bank that was charging interest at 3.75% compounded semi-annually. a. How much does she need to pay at the end of every 6 months to settle the loan in 3 years? Round to the nearest cent b. What was the amount of interest charged on the loan over the 3-year period? Round to the nearest cent

Benito borrowed $800 two years ago. The interest rate on the loan was 5% compounded monthly for the first 8 months and 9% compounded quarterly for the rest of the time. How much does he owe now?

Holden borrows $209,433 from a financial institution with equal end-of-year payments of $24,600. If the annual interest rate is 10%, how long will it take for him to pay the loan and its interest back? 10 years 15 years 20 years 25 years

At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually.  How much is in the account today?  How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year?  (Use Future Value of an Annuity

In order to pay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and $5,500 in 36 months. The interest rate is 8% compounded quarterly. What is the total amount of interest that is included in these payments?

Kathy's bank account earns interest at a nominal annual interest rate = 5% compounded semi-anually. There is a starting balance of $2500 in the account and a deposit of $800 is made at the END of every year. How many years until the balance in her account equals $25,000?

Morgan received a $29,050 loan from a bank that was charging interest at 3.25% compounded semi-annually. a. How much does she need to pay at the end of every 6 months to settle the loan in 6 years?

Ma. Nochna Pula borrowed $10,000 at 6% annual compound interest. She agreed to repay the loan with five equal annual payments at end of each year. How much is the annual payment?

Subject: Finance