how much must you repay at the end of the 3 months?

You want to borrow $30,000. For the loan to you must repay $1100 every quarter (4 times per year) for the next 8 years plus $8000 at the end of the 8 years. Based on this, what rate of interest are you paying?

You receive a car loan of $22,000 and must pay off the loan in 60 monthly installments. If your interest rate is 18% per year compounded monthly, what are your approximate monthly payments on this loan? O $558.66 $885.50 O $658.35 O $500.00 O $605.89

Suppose that you borrow $125,000 using a 15-year loan with an annual interest rate of 4% with monthly payments and monthly compounding. What will the balance be for this loan at the end of the 6th year? $75,000 $83,744 $58,428 $83,593

You plan to borrow $40,100 at a 6.9% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2? O a. $2,446.20 O b. $2,479.22 O c. $2,766.90 O d. $6,936.17 O e. $7,414.76

You have applied for a loan at 3.5% annual interest rate with monthly payments for 15 year fully amortized term. The loan amount is $145, 000. What is your monthly loan payment?

If you were to borrow $9,400 over five years at 0.10 compounded monthly, what would be your monthlypayment?

You plan to borrow $47,000 at a 7.5% annual rate. The terms require you to amortize the loan with 7 equal end of year payments. How much interest would you be paying in year 4?

Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12% converted monthly. 1. How much is the outstanding balance after the 36th payment? 2. How much of the 37th payment goes to pay the interest the principal?

You borrow $364000 for the the purchase of a house at an APR of 7.52% for 15 years. Your monthly payment is $3378.46. How much money will you pay in interest for this loan?