POOR CREDIIT Cathy Cox has poor credit but she found a bank that will lend her $4200 when she uses some collateral. Still, the bank charges a 12% discount rate. Find (a) the proceeds if the note is for 10 months and (b) the effective interest rate charged by the bank.

A 30-year mortgage for $175,000 is issued at a 6% nominal interest rate. (a) What is the monthly payment? (b) How long does it take to pay off the mortgage, if $1250 per month is paid? (c) How long does it take to pay off the mortgage, if double payments are made?

Someone decides to purchase a vehicle. They will finance the entire purchase and can afford to pay $400 per month. The loan is for 36 months and there is a 7% annual interest rate. What is the maximum purchase price they can afford?

A 3 year straight note was executed by a buyer. The interest paid over the term was $3,431.70. The annual interest rate was 9.3%. What was the loan amount? Select one: a. $9,150 b. $36,900 c. $31,915 d. $12,300 Finish attempt...

A trader buys a $1600, 12% quarterly bond for $1800, the bond matures in 3 years and pays interest compounded quarterly, what is the rate of return on the bond compounded quarterly?

Protection costs $338 and returns $507 after 6 years. What is the interest rate?

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$19,000 is invested for 8 years at an annual simple interest rate of 16%. (a) How much interest will be earned? $ (b) What is the future value of the investment at the end of the 8 years? $ $20,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest will be earned? $ (b) What is the future value of the investment after 6 months? $ If you borrow $700 for 6 months at 8% annual simple interest, how much must you repay at the end of the 6 months? $ If you lend $3700 to a friend for 15 months at 8% annual simple interest, find the future value of the loan. $ If $5000 is invested at 9% annual simple interest, how long does it take to be worth $8150? yr What are the future value and the interest earned if $2600 is invested for 4 years at 8% compounded quarterly? (Round your answers to the nearest cent.) future value $ interest earned $ What interest will be earned if $6600 is invested for 6 years at 11% compounded monthly? (Round your answer to the nearest…