To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you $600. One month later, you get the guitar back by paying the pawnbroker $1172. What annual interest rate did you pay? You will pay a simple interest rate of % (Round to the nearest whole number as needed.)

A man borrows $60,000 to help pay for his college expenses.  He intends to pay off the loan with regular monthly payments over the next 20 years.  Find the monthly payment if he is being charged 4.7% interest per year, compounded monthly.   Give the answer to 2 decimal places, and do not use the $ sign in the answer box. The monthly payment is  Blank 1. Calculate the answer by read surrounding text. dollars.

You wish to buy a $10,900 dining room set. The furniture store offers you a 2-year loan with an APR of 7.2 percent. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

A particular credit card calculates interest using the unpaid balance method. The monthly interest rate is 1.57% on the unpaid balance on the first day of the billing period minus any payment. At the beginning of the month you owed $1352. You made a payment of $300. a) During the month you bought theatre tickets for $37, went out to eat for $80, and bought a television for $350. What's your new balance (include what your balance was after your payment + new purchases + finance charges)?

Bowflex’s television ads say you can get a Treadclimber that sells for $12,000 for 5 annual payments of $3,000. What annual rate of interest are you paying on this loan? PLEASE BREAK DOWN

You want to financed a car that advertised at $31318 but you don't have money. However after checking your credit the dealer offered you that if you pay $571 per month for 6 years, they will give you the car. What is the total amount you will have to pay to the dealer if you finance the car? Write the answer without the "$" sign. Add your answer I

Gustavo wants to borrow $900 for 20 days from a payday loan store. The payday loan finance charge is $12 per $100 borrowed up to $400, and $10 per 100 on the amount over $400. What is the dollar amount of interest I am paying? What is the APR of this loan?

You have an outstanding credit card balance of $3,000. You decide to stop making new charges and pay $450 each month until the balance is paid. If your annual interest rate is 18%, how many months will it take you to pay off your balance?

You are purchasing a new car for $27,600. The dealership offers you three options: • 0% financing: 0 down and 0% financing for 48 months. • Rebate: 0 down. If you choose the rebate, you will need to secure a loan for the balance at your local bank. • Down payment: Make a down payment of 5% or more and get financing at 1.5% compounded monthly for 48 months:

Your friend signs a promissory note for $2,000 for 30 days with a rate of 2.25% attached. After fifteen days, you realize you need the money and sell the promissory to another friend to yield you 3.00%. How much interest did your friend earn in interest (dollar amount) for holding the promissory note for the last fifteen days?