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Margo borrows $900, agreeing to pay it back with 5% annual interest after 10 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?Margo borrows $1400, agreeing to pay it back with 7% annual interest after 217 days. How much interest will she pay?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. A
- 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.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?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.
- Margo borrowis 51700 , agreeing to pay it back with 48 annual interest after 11 months. How much interest will she pay?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?At an interest rate of 7 - %, Karen borrows $4,000 for 13 years. How much interest will she pay?
- 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 $4,238.00Jessica purchases a house for $350,000 and takes a mortgage for the full amount. Her mortgage charges 5% per year and interest is compounded monthly. She will repay the loan over 25 years with equal monthly payments. a) What is her monthly payment amount? b) How much of the 8th payment would be applied toward interest? c) How much of the 8th payment would be applied toward principal?Jeanette took out a loan from the bank today for X. She plans to repay this loan by making payments of $100.00 per month for a certain amount of time. If the interest rate on the loan is 0.66 percent per month, she makes her first $100.00 payment later today, and she makes her final monthly payment of $100.00 in 12 months, then what is X, the amount of the loan? A O An amount less than $1,153.00 or an anmount greater than $1,324.00 O An amount equal to or greater than $1,153.00 but less than $1,199.00 O An amount equal to or greater than $1,199.00 but less than $1,245.00 O An amount equal to or greater than $1,245.00 but less than $1,275.00 O An amount equal to or greater than $1,275.00 but less than $1,324.00