ind the interest on the following loan. $1400 at 5.5% for 3 months Only typed solution.

Please help and not handwritten, concept also pls

Excel Online Structured Activity: Amortization schedule The data on a loan has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet a. Complete an amortization schedule for a $42,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 9% compounded annually. Round all answers to the nearest cent. Year 1 2 3 Year 1: Year 2: Year 3: I $ $ $ Beginning Balance ||| IV V % Interest % heck My Work $ $ % Payment b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. % Principal % Reset Problem % $ $ $ % Interest $ $ $ Repayment of Principal $ c. Why do these percentages change over time? I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as…

Monthly payment of loan b, rounded to the nearest cent

For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $8800 at 6.3% interest; student graduates 2 years and 7 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $. Round to two decimal places, if necessary. X Ś

Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a car for $26,200 at 2.7% add-on rate for 4 years % Need Help? Read It

Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".     Beginning     Repayment Ending Year Balance Payment Interest of Principal Balance 1 $  fill in the blank 60 $  fill in the blank 61 $  fill in the blank 62 $  fill in the blank 63 $  fill in the blank 64 2 $  fill in the blank 65 $  fill in the blank 66 $  fill in the blank 67 $  fill in the blank 68 $  fill in the blank 69 3 $  fill in the blank 70 $  fill in the blank 71 $  fill in the blank 72 $  fill in the blank 73 $  fill in the blank 74 4 $  fill in the blank 75 $  fill in the blank 76 $  fill in the blank 77 $  fill in the blank 78 $  fill in the blank 79

Find the interest on the following loan. $1850 at 7.5% for 3 months The interest is $ (Round to the nearest cent as needed.)

To repay a $400,000 loan you are required to make sixteen equal-sized repayments every six months.  If the loan's interest rate is 5% p.a. compounded half-yearly, how much interest is paid in the first period? Group of answer choices $30,639.60  $20,639.60 $10,000.00 $20,000.00

Alexandra received a 30 year loan of $280,000 to purchase a house. The interest rate on the loan was 4.60% compounded semi-annually. a. What is the size of the monthly loan payment? Round to the nearest cent hp SUBMIT QUESTION SAVE PROGRESS 12°C