Calculate the monthly payment for a sLudent loan of $51,486 at a fixed ApR of 7% for 14 years

On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.2% per annum calculated on the daily balance. He gave the credit union six cheques for $160.00 dated the 15th of each of the next six months starting July 15 and a cheque dated January 15 for the remaining balance to cover payment of interest and repayment of principal. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid. Complete the repayment schedule below. (Round to the nearest cent as needed.) Balance Before Payment Amount Paid Payment Number 0 June 15 1 July 15 $1,070.00 $160.00 Interest Paid Principal Repaid Balance After Payment $1,070.00 S

Calculate the maturity value of a simple interest, 6-month loan of $2000 if the interest rate is 8.9%

For each of the above loan term options, calculate the equivalent simple annual interest rate.