P15,000 P20,000

Brody borrowed from a bank at 5.06% compounded monthly; he settled the loan by repaying $4,460 at the end of every month for 2 years. a) What was the amount of loan received?  $  b) What was the amount of interest charged?

Nikul

Holden borrows $209,433 from a financial institution with equal end-of-year payments of $24,600. If the annual interest rate is 10%, how long will it take for him to pay the loan and its interest back? 10 years 15 years 20 years 25 years

Kim borrowed money from a bank to buy a fishing boat. He took out a personal, amortized loan for $18,500 , at an interest rate of 5.9%, with monthly payments for a term of 6 years Find Joe's monthly payment. (b) If Joe pays the monthly payment each month for the full term, find his total amount to repay the loan. (c) If Joe pays the monthly payment each month for the full term, find the total amount of interest he will pay.   Please answer all subparts with explanation. I will really upvote. Thanks

Smith family borrowed a large sum of money to purchase their family car.The interest rate on their loan was 5%. The lender agreed to the following repaymentschedule, $5300 at the end of the first year and $5300 at the end of the second year.How much did Smith family borrow?

Daryl borrowed $5,440 for 4 years. If the loan's annual simple discount rate was 4.1%, how much did he have to return?