Jamie borrowed $900 from the Essex District Credit Union. The loan agreement provided for repayment of the loan in four equal monthly payments plus interest at 12% per annum calculated on the unpaid balance. What was the loan balance outstanding after the second payment? how much total interest did Jamie pay on this loan?

Freddy agreed to make quarterly payments of $781.25 for 4 years on a loan of $10,000. What simple interest rate is he paying?

Jeremy received an excellent interest rate for her loan of $9,500. Calculate the nominal interest rate compounded semi-annually if the loan accumulated to $ 10, 110.18 in 6 years and 6 months.

Carla borrowed $1010.00 from the Central Bank at 8.8% per annum calculated on the monthly unpaid balance. She agreed to repay the loan in blended payments of $220.00 per month. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid. Complete the repayment schedule below. (Round to the nearest cent as needed.) Payment Number Balance Before Payment Amount Paid Interest Paid Principal Repaid Balance After Payment S1010.00 1 $1010.00 $220.00

Lydia borrows $2000 from a credit card company at 23% annually for two years. Determine Lydia’s monthly payments.

Janet borrows $3500 from a credit card company at 22.5% annually for 3 years. Determine Janet’s monthly payment. Show your work.

Gene McDonald's bank granted him a single-payment loan of $5,000 for 90 days at 9% ordinary interest. What is the amount of ordinary interest owed?

Wyatt signs a note for a discounted loan agreeing to pay $4,100 in 6 months at a discount rate of 13%. Determine the amount of the discount and the proceeds to Wyatt.Discount = $  Proceeds = $

Darlene applies for an installment loan to consolidate her credit cards. The loan is to be paid in 60 monthly installments with an APR of 16%. Her total balance is $17000. Compute her monthly payment. $413 O $283 O $460 O $370

Nathan was charged interest of $72 for a loan amount of $2,000 that he borrowed for 150 days. What annual rate of simple interest was charged? % Round to two decimal places