the financial officer of toys and noise arranges alone of $8500 at 8.5% interest for 35 months. Find the amount of simple interest. 
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- The financial officer of Toys and Noise arranges a loan of $8,500, at 8.5% interest, for 35 months. Find the amount of simple interest. (Round to the nearest cent.) A. $1,445.00 B. $2,107.29 C. $2,528.75 D. $2,914.29A company borrows $100,000 with interest at j₁2 = 9%. The loan is to be amortized by monthly payments of $1550 for as long as necessary. A final smaller payment will be calculated so the loan will be exactly repaid. The outstanding balance immediately after the th th 88 payment is $796.44. What is the value of the 89" and final payment? O A. $790.51 B. $796.44 C. $802.41 D. $808.43You have taken a loan of $150,000 at an interest rate of 6% (annual). If the number of monthly equal instalment is 60, then find the principal paid in 36th instalment. a. $ 339.95 b. $ 2,899.92 c. $ 2,559.97 d. $ 2,839.95 с.
- onsider the following loan. Complete parts (a)-(c) below. n individual borrowed $65,000 at an APR of 5%, which will be paid off with monthly payments of $442 for 19 years. ... a. Identify the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and the payment amount. The amount borrowed is $ 65000, the annual interest rate is 5%, the number of payments per year is 12, the loan term is 19 years, and the payment amount is $ 442. b. How many total payments does the loan require? What is the total amount paid over the full term of the loan? There are 228 payments toward the loan and the total amount paid is $ 100776 c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest? The percentage paid toward the principal is% and the percentage paid for interest is%. (Round to the nearest tenth as needed.)Sally's shoes owe $85,000 with interest at 13% c.s.a. for 3 years, due in 6 months. This debt is communted into a payment of "x" dollars due in 1 year and a payment of $100,000 due in 2 years, and they set the N.R. = 9% c.q. find "x" to the nearest dollar. please show work of how to do thisMarathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600
- Find the interest earned on an investment of $10,000 into a money market account that pays a simple interest rate of 1.75% over a 39 wk period.Find the amount owed on an investment of $10,000 into a money market account that pays a simple interest rate of 1.75% over a 39 wk period$1000 is invested in an account for six months. The interest rate is 10 % per annum. Calculate the value of the account after six month using simple interest method. a. b. c. d. $105. $50 $1500 $1050 $115
- A man borrowed P18,400.00 from a credit union that charges 8% simple interest for 1 year and 9 months. What is the amount of interest charged?You have taken a loan of $84, 000.00 for 25 years at 5.5% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) \table[[Payment number, Payment amount, Principal Amount, Interest, Balance.], [0),... S 84,000.00,1,1), vdots....S.V Hong took out a $10,000 loan for 73 days and was charged simple interest. The total interest he paid on the loan was $106. As a percentage, what was the annual interest rate of Hong's loan? Assume that there are 365 days in a year, and do not round any intermediate computations. If necessary, refer to the list of financial formulas. 11% Explanation Check X G
