Margo borrows $900, agreeing to pay it back with 4% annual interest after 14 months. How much interest will she pay?
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Margo borrows $900, agreeing to pay it back with 4% annual interest after 14 months. How much interest will she pay?
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- Margo borrows $600, agreeing to pay it back with 7% annual interest after 15 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. AMargo borrows $1400, agreeing to pay it back with 7% annual interest after 217 days. How much interest will she pay?Luis is expected to settle a loan by paying $5,500. What amount should she pay if she decides to settle the loan seven months earlier? The interest rate is 3.25% compounded monthly.
- Megan takes out a car loan for $13,000. She intends to make monthly payments for 5 years to pay off her loan. If the bank charges her an annual interest rate of 4.2% computed monthly on the loan balance, how much will her monthly payments be?At an interest rate of 7 - %, Karen borrows $4,000 for 13 years. How much interest will she pay?Margo borrowis 51700 , agreeing to pay it back with 48 annual interest after 11 months. How much interest will she pay?
- Every two weeks, Betty makes a $210 payment toward a car loan whose annual rate is 4.8%. If she will be debt - free in 5 - years, how much interest will she pay on this loan?Sara borrows 35,000 at 12% for 9 months on a discounted loan. A. How much is the interest on the loan? B. How much will she receive?Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520.00 per month for a certain amount of time. If the interest rate on the loan is 1.12 percent per month, she makes her first $520.00 payment later today, and she makes her final monthly payment of $520.00 in 7 months, then what is X, the amount of the loan? O An amount less than $3,501.00 or an anmount greater than $4,238.00 O An amount equal to or greater than $3,501.00 but less than $3,739.00 O An amount equal to or greater than $3,739.00 but less than $3,980.00 O An amount equal to or greater than $3,980.00 but less than $4,081.00 O An amount equal to or greater than $4,081.00 but less than $4,238.00
- Margo borrows $2000, agreeing to pay it back with 5% annual interest after 7 months. How much interest will she pay?Round your answer to the nearest cent, if necessary.Margarita borrows R10,000 from her uncle and agrees to repay it in monthly instalments of R200. Her uncle charges 0,5% interest per month on the balance. How long will it take her to repay all the money?Patty purchases a $240,000 house. She pays $40,000 down and takes out a 25 year mortgage with monthly payments, at an interest rate of 12% interest compounded monthly. How much money will Patty have to pay each month?