Daryl borrowed $5,440 for 4 years. If the loan's annual simple discount rate was 4.1%, how much did he have to return

Gerritt wants to buy a car that costs $30,750. The interest rate on his loan is 5.65 percent compounded monthly and the loan is for 7 years. What are his monthly payments?

How much would Doug save in interest if he amortized his mortgage over 15 years, rather than 25 years, and assuming he makes monthly payments. The total mortgage amount is $440,000 and the interest rate is 5.4% compounded semi-annually.

When Christian bought his home, he borrowed $315,700 at 4.2% interest, compounded monthly for 25 years. If he makes all 300 payments, repaying his loan on schedule, how much interest will he pay? (Assume all payments are of equal amount)

Bob purchases a car for $28,000. He makes $640 a month payments for 36 months on a 6.9% interest loan. What is his balloon payment?

David held a loan of $2,400 for 6 months and was charged interest of $132.00. What was the annual simple interest rate on this loan?

After graduation, you plan to work for Asia Corporation for 12 years and then start your own business. You expect to save and deposit Php7,500 a year for the first 6 years (n = 1 through     n = 6) and Php15,000 annually for the following 6 years (n = 7 through n = 12).  The first deposit will be made a year from today. In addition, your grandfather just gave you a Php25,000 graduation gift which you will deposit immediately (n = 0).  If the account earns 8% compounded annually, how much will you have when you start your business 12 years from now? A.Php228,145 B. Php250,712 C. Php260,302 D. Php263,907 E. Php277,797

Joe has $1,500 in credit card debt but pays it in full every month from cash flow. He also pays her mortgage from cash flow ($2,000 principal). For savings, Joe saves $50 per month in an interest-bearing savings account. Annual interest earned and reinvested is $100. How much will his net worth increase in the current year?

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?

Valerie refinanced her home loan. The new loan of $103,000.00 has an interest rate of 5.9% compounded monthly. She is planning to pay off the loan in 21 years, what will her monthly payment be? (Round all answers to 2 decimal places.) The monthly payment would be $. Assuming Valerie paid all of the payments on time and did not prepay on the loan. What is the total amount Valerie paid and the total interest? The total amount Valerie paid was $ and the total interest was