Find the interest refund on a thirty six month loan with interest of two thousand eight hundred and four dollars if the loan is paid in full with eight months remaining. Round to the nearest scent as needed

Find the monthly payment for a bank loan. (Round your answer to the nearest cent.) $100 loan for 12 months at 12%

Find the annual simple interest rate of a loan, where $900 is borrowed and where $1008 is repaid at the end of 18 months. Annual simple interest rate = %. Preview My Answers Submit Answers

You have taken a personal loan from Bank Muscat for 15000 OMR and charged with an interest raté of 6% per year. the repayment is scheduled for annually, to a period of 4 years. Prepare a loan amortization schedule.

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $17,900 with an annual interest rate of 09.00%. The loan will be repaid over 22 years with monthly payments. 1. What is the Loan Payment? 2. What portion of this payment is Interest? 3. What portion of this payment is Principal? 4. What is the Loan balance after first monthly payment?

Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $24,323.00 with an annual interest rate of 15.77%. The loan will be repaid over 7.0 years with monthly payments. Find Loan payment: Interest portion: Principle portion: Loan balance after first monthly payment:

Develop a complete amortization table for a loan of $4500, to be paid back in 24 uniform monthly installments, based on an interest rate of 6%. The amortization table must include the Payment Number, Principal Owed (beginning of period), Interest Owed in Each Period, Total Owed (end of each period), Principal Paid in Each Payment, Uniform Monthly Payment Amount. You must also show the equations used to calculate each column of thetable. You are encouraged to use spreadsheets. The entire table must be shown.

Suppose you secure a home improvement loan in the amount of $5,000 from a local bank. The loan officer gives you the following loan terms:• Contract amount = $5,000• Contract period = 24 months• Annual percentage rate = 12%• Monthly installment = $235 .37Shown is the cash flow diagram for this loan. Construct the loan payment schedule by showing the remaining balance, interest payment, and principal payment at the end of each period over the life of the loan.

Create an amortization table for a $60,000 loan. We will assume payments are made monthly over 6 years at an interest rate of 4%. a.) First use a formula cell in your spreadsheet to calculate the monthly payment amount. b.) Create an amortization table for the 72 months. Your columns of your amortization table should include payment number, payment amount, interest paid each month, principle paid that month, amount paid on principal total, and the amount of principal remaining.

Find the interest refund on a 35​-month loan with interest of ​$2,834 if the loan is paid in full with 13 months remaining.