Select the correct choice that completes the sentence below. The rebate amount is equal to the rebate fraction O A. multiplied by the total finance charge O B. multiplied by the number of months of a loan OC. divided by the number of weeks of the loan O D. divided by the total interest

Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) $7,700 10.4 Time days Interest $226

1. Consider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using the average balance method). b. How much would you pay in total for interest?

Please include the excel formula If the following is a loan, identify a) the principal amount, b) the monthly interest rate, and c) the length of the loan in months. Determine if the following situation is an investment or a loan.   If the following is an investment, identify a) if it is a one-time or recurring investment, b) the number of compounding periods per year and c) the total number of compounding periods. If the following is a loan, identify a) the principal amount, b) the monthly interest rate, and c) the length of the loan in months.   Ashtyn purchased new appliances for her house for a total of $5,744. The store she buys the appliances from offers an annual simple interest rate of 8.5% with no down payment and monthly payments for 3 years.   This situation represents a(n) . a)  b)  c)  What will be your monthly payments?  Use Excel to calculate the value.

The principal P is borrowed and the loan's future value A at timet is given. Determine the loan's simple interest rate r to the nearest tenth of a percent. P = $3400.00, A = $3446.75, t = 3 months % (Round to the nearest tenth of a percent.)

Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 17% $

a) Based on your prepared amortization schedule for Concert Time Again, Inc term loan, what is the remaining loan balance after the 4th payment AND which financial statement would that amount appear on? Type the financial statement in the text box below and write the Dollar Amount on your PDF upload Financial Statement b) Based on your prepared amortization schedule, what is the interest expense for this loan after the 4th payment AND which financial statement would this appear on? Assume the first 4 payments are in the same accounting period that is presented on the financial statement. Type the financial statement in the text box below and write the Dollar Amount on your PDF upload Financial Statement c) What will the loan balance be after the 60th payment? $

Suppose you earn a gross income of $2,920.00 per month and apply for a mortgage with a monthly PITI of $908.12. You have other financial obligations totaling $169.36 per month.   If the lending ratio guidelines are as given in the table below, what type of mortgage, if any, would you qualify for?     Mortgage Type Housing Expense Ratio Total Obligations Ratio FHA 29% 41% Conventional 28% 36%   A. FHA only B. Conventional only     C. FHA and Conventional D. None of the above

whats the answer for number 6

Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount of interest for the following loan. Round your answers to the nearest cent. Principal Rate (%) Time (days) Exact Interest Ordinary Interest $ $136,000 7.30 64 1,741 1,765