The monthly payments on a 20-year loan of $25,000 at 6.8% interest are $190.83. (a) What is the total amount paid over the 20 years? (b) What is the total amount of interest paid?

A loan of $5000 earns $750 interest in 1.5 years. Find the rate of interest.

What is the rate of interest on a $375,000 25 year fully amortizing loan of the monthly repayments are $2, 291.647

A) Calculate the final loan amount of a $500 credit card loan with a 16% compound interest rate, compounded monthly, for a 1-year term. $86.14 $586.14 $583.20 $580.00

Consider an amortized loan of $41,000 at an interest rate of 7.9% for 8 years. What is the total interest owed? Round to the nearest dollar.

Consider a loan of $7700 at 6.8% compounded semiannually, with 18 semiannual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated semiannual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The semiannual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is $ (Round to the nearest cent as needed.) The total amount of interest paid is $. (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $ (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)

5) A loan is being repaid with payments of $750 at the end of each year for 25 years. The annual effective interest rate on the loan is 5%. Each loan payment received by the lender is immediately reinvested at an annual effective rate of 6%. a) Calculate the accumulated value of the lender's reinvested payments at the end of 25 years (i.e., immediately after the last payment is made on the loan). b) Find the effective yield rate earned by the lender over the 25-year period.

Consider a loan of $90,000 at 4% compounded annually, with 12 annual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated annual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The annual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is S (Round to the nearest cent as needed.) The total amount of interest paid is $ (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $. (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)

ou were paying your fully amortising loan at 8.2% per annum for 12 years. The current monthly payment is $1,492 per month. What is the remaining loan balance at the end of year 2? Please rounded your answer to two decimal points (e.g. 8000.158 is rounded to 8000.16)

A loan of $1500 is repaid with a check for $1575.  If the annual simple interest rate was 15%, what was the time length of the loan in years? In months?