Fir a $5,000 loan repayment over 2 years at 12%. Find the monthly payment

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

Calculate the effective rate corresponding to each of the following rates:(a) 9% compounded semi-annually(b) 9% compounded quarterly(c) 9% compounded bi-monthly(d) 9% compounded monthly(e) 9% compounded continuously

You buy a car for $27000. You get a loan at 7% interest compounded yearly. You will have 60 equal monthly payments of 5543.63 each month. How much total interest will you have payed on the car loan once all of your payments are complete..

The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years. What's the balance after 14 years? dollars.

Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.

Suppose you take out a car loan of $15,000 with an interest rate of 15% compounded monthly. You will pay off the loan over 36 months with equal monthly payments.(a) What is the monthly interest rate?(b) What is the amount of the equal monthly payment?(c) What is the interest payment for the 15th payment?(d) What is the total interest paid over the life of the loan?

Scott deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?

If a person deposit 2000$ in his saving account for 10 years at interest rate of 10%. How much money he will get after 10 years, calculate the value using compound interest formula.

If the interest rate is 10%, the present value of $100 to be paid next year is