John Paszel took out a loan for 48 months but paid it in full after 27 months. Find the refund fraction he should use to calculate the amount of his refund. O Type an integer or a simplified fraction.)

Keiko obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. Her loan is for $16,500 for 76 days. Assume each day is of a year. Answer each part below. 365 Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 76 days. (b) Assuming Keiko doesn't make any payments, find the amount owed after 76 days.

Jina obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 7.45%. Her loan is for $12,700 for 62 days. Assume eachday is365of a year. Answer each part below.Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.(a) Find the interest that will be owed after 62 days.   (b) Assuming Jina doesn't make any payments, find the amount owed after 62 days.

Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows: a) For the nper argument, use the Term_in_Months (cell D5) to specify the number of periods. b)For the pv argument, use the Loan_Amount (cell B8) to include the present value. c)Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.

Suppose a man took out a 30-year loan with an annual rate of 6% to put an addition on his house. His banker encouraged him to put other expenses into the loan if he wished, so he increased the loan in order to purchase furniture, a new car, and a computer. Suppose the computer cost $1,500. Assume that the loan is an add on loan to calculate parts a. and b. a. What was the amount of interest that he paid on the computer part of his loan? b. What was the total cost of his computer?

A few years ago a couple purchased an office space by financing RA for n years, paying periodic installment of Rp with an interest of r% compounded bimonthly (every 2 months). They have made t payments and wish to know how much they owe on the mortgage at the end of t payments, which they are considering paying off with an inheritance they received. 1. Construct a mathematical model to illustrate the value owed on the loan after t payments. 2. Give an explicit formula for computing the current balance on the loan account after n periods. 3. If the couple signed the contract by financing R80000 for 10 years, paying periodic installments of R1880 with an interest of 18% compounded binmonthly. What is the current value on the mortgage after 6 months?

You borrowed $18,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. Your friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment you must make to pay back your friend? Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Show less Table, Excel, or calculator function not attempted Present Value: not attempted n = not attempted i = not attempted Annual Installment:

To help pay for college, Sam borrowed money from an online lending company. He took out a personal, amortized loan for $53.500, at an interest rate of 5.9%, with monthly payments for a term of 15 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Sam's monthly payment. $0 (b) If Sam pays the monthly payment each month for the full term, find his total amount to repay the loan. $0 (c) If Sam pays the monthly payment each month for the full term, find the total amount of interest he will pay. $0 X

To help open up a jewelry store, Kaitlin borrowed money from her credit union.She took out a personal, amortized loan for  $44,500 , at an interest rate of  6.9% , with monthly payments for a term of  6  years.For each part, do not round any intermediate computations and round your final answers to the nearest cent.If necessary, refer to the  list of financial formulas . (a) Find Kaitlin's monthly payment.   $ (b) If Kaitlin pays the monthly payment each month for the full term, find her total amount to repay the loan.   $ (c) If Kaitlin pays the monthly payment each month for the full term, find the total amount of interest she will pay.

To go on a summer trip, Bill borrows $500. He makes no payments until the end of 2 years, when he pays off the entire loan. The lender charges simple interest at an annual rate of 6%. Answer the following questions. If necessary, refer to the list of financial formulas. (a) How much total interest will Bill have to pay? $0 (b) What will the total repayment amount be (including interest)? $0 ? oo Ed ▷ 0