If you borrowed $2400 at an annual simple interest rate of 5.75%, how much would you owe altogether at the end of 3.5 years?

How much money will you have available to you after five years if you put aside $100.00 a month in an account that gives you 6.75% interest compounding monthly?

suppose you obtain a $3000 t-note with a 3% annual rate, paid quarterly, wiht maturityin 5 years. How much interest will you earn?

Using a compound interest calculator, if you would deposit $10 each week into a savings account that paid a compound interest rate of 3.75% each year compounded monthly, how much would you have in your account in five years?

You borrow $280,000; the annual loan payments are $24,871.68 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %

4. Suppose $5,000 is deposited in a savings and loan account that pays 5.5% interest compounded semiannually. Use compound interest to calculate the following:a. How much money will be saved?b. How much will be owed after 2 years?

If P dollars is borrowed at a rate or r per year to be paid back in tyears, the monthly payment (n=12) is given by the formulaA =((r/n)P)/ (1 − (1 + r/n)−nt450, 000.00 is borrowed to buy a house. The annual interest rate is 7.04%. Whatis the monthly payment if the term of this transaction is 30 years.

Suppose you take out a 30-year mortgage for $ 225000 at 8.5% interest. The monthly payments on this loan are $ 1730.06. If you pay an extra 40% per month on your mortgage, how soon will you pay off the loan?New length in years =  How much will you save in interest by making the extra payments?Saving =  If you put $ 1730.06 per month into an annuity earning 10.25% interest compounded monthly for the remaining time on your original loan, how much money will you have at the end of the original 30 years?Extra savings =

1.1) For $20,000, you can purchase a five-year annuity that will pay $5000 per year for five years. The payments occur at the end of each year. a)  Calculate the effective annual interest rate implied by this arrangement.     1.2)  If you invest $1000 at 11% APR for five years, how much would you have at the end of 5 years? a) Calculate using simple interest. b) Calculate using compound interest.

If we know that the interest amount we will owe at the end of a year is $500 on a loan of 5,500, our interest rate must be: