Find the interest on the following loan. $5386 at 6%; loan made on August 11 and due December 16 The simple interest for this loan is $ (Round to the nearest cent as needed.)

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

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Q: Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a refrigerator for…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchased a…

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Q: Find the monthly payment for the loan. Used car financing for $600,000 for 25 months at 11.75%.…

A: here we have to find the monthly payment for the loan. PV (present value of car) = $600,000 n(number…

Q: Consider a student loan of $15,000 at a fixed APR of 6% for 15 years. a. Calculate the monthly…

A: 1) a) Amount borrowed = $67,000, Annual Interest rate = 4%, the number of payments per year is 12…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

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Q: Find the monthly payment for the loan. Round to nearest cent. Finance $852000 for an apartment…

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Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 7 3 4 9…

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Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

A: When a loan is given, the borrower needs to repay the loan over a certain period, in addition to the…

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…