Larry has decided to take out a loan for college. He expects to graduate 4 years and 9 months later and payments begin 6 months after graduation. He borrowed $6,000 from a federal loan program at a 5.5% interest rate. What will his montly interest rate be? Assume 30 day months.      - I CANT FIGURE WHAT FORMULA TO USE FOR THIS ONE PLEASE HELP MY EXAM IS TONIGHT.

Subject: acounting

Jake has approached you for a loan and based on your assessment, his cash-flow will accommodate a repayment of $10,800 per month. He has agreed to a 5-year repayment term at an interest rate of 16% add-on. What is the maximum loan that Jake can be given? Please show formula for solution without using financial calculator or excel. I am using a texas instruements calculator.

B) Pinky's father is planning to admit her in a reputed university 5 years from now. Pinky is currently 15 years old; she will enroll in a university 5 years later and should graduate within 4 years. They are anticipating after 5 years the annual cost (for everything tuition fee, books) will be BDT 1, 40,060 but this cost is expected to increase by 4% annually. Universities accept the total payment in advance at the beginning of the year. Pinky currently has a saving account with BDT 100,000 in it which pays 9% interest annually. Her father is planning to make five equal annual deposit to her account; The first deposit will be made today. How large each of the annual deposit should be?

Desmond plans to purchase a new car. He qualifies for a loan at an annual interest rate of 5.2%, compounded monthly for 8 yr. He is willing to pay up to $300 per month. What is the largest loan he can afford? What is the correct formula for this situation? *** A. P OC. A= nt r n <-1 Desmond can afford a loan up to $ (Round to the nearest cent as needed.) OB. OD. A= r n nt -1 r n

Español Leila takes out a loan for her college tuition from a bank that charges simple interest at an annual rate of 6.4%. Her loan is for s5300 for 7 months. Assume each month is of a year. Answer each part below. 圖 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 7 months. Assuming Leila doesn't make any payments, find the amount (b) owed after 7 months.

Mike Branson invested his summer earnings of $6000 in a savings account for college. The account pays 2.5% interest. How much will this amount to in 6 months? Mike's savings will amount to $ in 6 months. (Round to the nearest cent as needed.)

Your birthday is next week and instead of other presents, your parents promised to give you $1,300 in cash. Since you have a part-time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 5.40 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny) Value of investment after 2 years $

Tuition of $1219 will be due when the spring term begins in 3 months. What amount should a student deposit today, at 6.47%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)

A student needs to borrow $9,000 to pay for college. She can get the loan at an APR of 10% to be paid off in monthly installments over the next 4 years. If she decides to pay the loan off in monthly installments over 3 years instead of 4 years at the given APR, how much money will she save altogether? Round your answer to the nearest cent.) 62.14