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If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end of 220 days?

Finance charges on a payday loan may not exceed 16.7% of the amount advanced. Find the annual interest rate if $300 is borrowed for 10 days at the maximum allowable charge. The annual interest rate is ___ % (round to the nearest percent) Show all work and explanations.

A company issues a $10,000 two-year, 4% note payable, repayable in 8 quarterly installments with fixed principal payments. How much is the first installment payment?

The interest charged on a $234000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)

A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by payments of $5,000 at the end of each quarter for as long as necessary. Construct an amortization schedule showing the distribution of the payments as to interest and the repayment of principal.

Determine the annual financing cost of a 1-year (365 day), $9,000 discounted bank loan at a stated annual interest rate of 10.0 percent. Assume that no compensating balance is required. Round your answer to two decimal places.   %

A five year promissory note with a face value of $5000, bearing interest at 6% compounded semi-annually, was sold 18 months after its issue date to yield the buyer 4% compounded quarterly. What amount was paid for the note?

The monthly payments on a 25-year loan of $25,000 at 5.9% interest are $159.55.

A $32,000 loan at 8% compounded quarterly is to be repaid by equal quarterly payments over a seven-year term. (a) What will be the principal component of the sixth payment? (Round your answer to 2 decimal places.) (b) What will be the interest portion of the twenty-second payment? (Round your answer to 2 decimal places.) (c) How much will the loan’s balance be reduced by Payments 10 to 15 inclusive? (Round your answer to 2 decimal places.) (d) How much interest will be paid in the second year? (Round your answer to 2 decimal places.)