Find the exact interest on a loan of 4000 at 8% annually for 50 days
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A: Given: Loan Amount = $17500 APR = 12% Number of years = 25
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A: Given information: Loan amount is 25,000 APR is of 9.5% Number of years (period) is 30
Q: FIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.
A: Simple rate of interest = 4,229.17
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A: In this question we require to compute the monthly payment for the loan.
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A: Loan amount (PV) = $115,000 Period = 30 Years Number of payments (n) = 30*12 = 360 Interest = 5.7%…
Find the exact interest on a loan of 4000 at 8% annually for 50 days
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- Find the interest paid on a loan of $2,700, for three years at a simple interest rate of 12% per year. What is the interest on the loan?Find the exact interest on a loan of $8,000 at 8% annually for 60 days. (Round to the nearest cent as needed.)Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year. The interest on a loan is S
- FIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.Find the future value of the loan. Assume 365 days in a year $6675 at 9.12% annual simple interest for 12 monthsDetermine the monthly payment if you take out a loan for $ 220000 with an annual interest rate of 9% and the term of the loan is 15 years.
- Find the simple interest and the full amount/future value for a loan of S3,600 for 3 years at a rate of 8% per year.Determine the monthly payment if you take out a loan for $ 240000 with an annual interest rate of 7% and the term of the loan is 10 years. Monthly PaymentYou buy items costing $800 and finance the cost with a fixed loan installment for 18 months at 5% simple interest per year. What is the finance charge? What is the monthly payment?
- Find the monthly payment for the loan. (Round your answer to the nearest cent.) $700 loan for 12 months at 15%Calculate the monthly payment required for a loan of $200,000, at a monthly interest rate of 0.003, based on 300 monthly payments, starting in one month’s time.Consider a loan of 25000 for a period of 30 years at a fixed apr of 9.5% the monthly payment is