If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: Find the capital value of an office building for which annual rent of $50,000 will be paid in…

A: we have to find the capital value of an office building for which annual rent of $50,000 will be…

Q: Tom is  considering purchasing a consol that promises annual payments of $4.  If the current…

A: Here, the annual payments of consol is $4 and the current interest rate is 5 %. Price of the consol…

Q: If a business borrows $12,700 and repays $22,225 in 5 years,what is the simple interest rate?

A: Simple interest formula for an amount of P for an interest rate r% of t years is given by the…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

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Q: If the proceed of a loan of P25,000.00 will be paid with P27,000.00 at the end of 1 year and 3…

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Q: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

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Q: For items 6-7. Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly certain…

A: We will use the concept of compound interest to solve this problem.

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

Q: What interest rate was applied if a loan of P54, 300 will amount to P83, 000 after 2 years and 6…

A: We need to find the interest rate applied if a loan of P54, 300 will amount to P83, 000 after 2…

Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: If you borrow $5000 and,after 9 months,pay off the loan in the amount of $5500, what per annum rate…

A: Consider the given: Let the per annum rate of interest be "t",12 months = 1 year9 ​months = 0.75…

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. b. How much will…

A: Given that, the loan amount is P=$175,000, interest rate r=4.5%, time n=30 years and due is monthly…

Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

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Q: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

A:

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $812 after…

A:

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: The principal amount is::

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

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Q: Solve the problem. If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the…

A: Given: The amount of loan is P=500,000. The simple interest (S.I) is P157,500. The time (t) is 3.…

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

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Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

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Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for 1 month for a fee of 4%…

A:

Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

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Q: does a simple interest investment generate less interest than a compound interest loan?

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Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: What interest would be charged on a loan of $3000 at 4% interest for 1 ½ years?

A: Given information,

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: How much will need to be paid in full on a loan of $2200, at a rate of 4.2% simple interest for 6…

A:

Q: What would be the selling price of a 10-year bond with a face value of P100,000, interest at 20%…

A:

Q: If you take out a 5 year loan of $8000 at 6% interest compounded monthly, then what will be each…

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Q: If you take out a 5-year loan for $10,000 at 3% interest compounded monthly, what is the size of…

A:

Q: What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10…

A: formula for EMI is as below :

Q: What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the monthly…

A:

Q: What is the maximum amount you can borrow with a 30-year mortgage if you can pay $725 a month and…

A: Note that, here the periodic payment PMT=$725, interest rate i=4.2%=4.212×100=0.0035, and the number…

Q: If Sandy can afford car payments of ​$430 per month for 7 ​years, what is the price of a car that…

A: We have to find the price of a car that Sandy can afford​ now.

Q: Michael wants to buy some new exercise equipment for his home for 371,000 financed at an annual…

A: In the add-on method, we divide add the principal amount and the interest for the five years into…

Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

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Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12% simple interest?

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Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: Given interest per month =$10000 Interest per year =10000x12=$120000 Rate of interest per year =4%

Q: If accumulated tuition, fees and interest on your undergraduate engineering education loan is 37,500…

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Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: Mitchell has been given the option of either paying his $800 bill now or settling it for $816 after…

A: There are 2 types of interest are there, simple interest and compound interest. Simple interest is…

Q: Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3…

A: Since you have posted multiple questions and we can answer one question. So, answering the first…

Q: What is the total interest paid on a 30 year mortgage for $235,000 if it is charged 7% interest,…

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Q: Upon graduation from college, Warren Roberge was able to defer payment on his $40,000 subsized…

A: Amount 'A' on a principal 'P'  when rate of interest is compounded is given by the formula: