Hewlett Plastics Inc. received a loan of $51,000.00 at 3.50% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the total amount of interest paid was $17,582.10.

the payment necessary to amortize a 4.8% loan of $81000 compounded  annually with 7 annual   payments is ​$13897. The total of the payments is ​$97279.77 with a total interest payment of ​$16279.77. The borrower made larger payments of ​$14000.00. Calculate​ (a) the time needed to pay off the​ loan, (b) the total amount of the​ payments, and​ (c) the amount of interest saved. Question content area bottom Part 1 a. The time needed to pay off the loan with payments of ​$14,000.00 is ​(Round up to the nearest​ year.) b. The total amount of the payments is ​$ ​(Round to the nearest cent as​ needed. c. The amount of interest saved is ​$ ​(Round to the nearest cent as​ needed.)

A bank made a farmer loan of 1000 at 14% for three years compounded annually. Find the future value and the compound interest paid on the loan. Compare the compound interest with the simple interest for the same period

A company receives a 5-year $100 million loan commitment from Wells Fargo at a fixed rate of 4.5%. The up-front commitment fee is 40 basis points and the unused portion of the loan is charged 15 basis points.     The bank borrows a total of $45 million at the beginning of the year and none thereafter. The following is true, except:   A The interest  paid on the drawdown amount for the full year is $2,025,000.                                                              B The interest rate paid on the drawdown amount for the full year is 4.90%                                                              C The fee for the loan commitment for the full year is $400,000.                                                    D The fee for the unused portion of the loan commitment for the full year is $82,500