Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) $25,000 8.6 Need Help? Read Time. Interest years $10,750

Find the monthly house payments necessary to amortize the following loan. What are the total payments and total amount of interest paid. 196,000 at 6.89% for 25 years

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. A. Find how much money there will be in the account after the given number of years. B. Find the interest earned. Click the icon to view some finance formulas. A. The amount of money in the account after 2 years is $. (Round to the nearest hundredth as needed.) B. The amount of interest earned is $. (Round to the nearest hundredth as needed.) Principal $2000 Rate 5% 7 Compounded annually Time 2 years

You borrow $2,400 to pay for a Caribbean vacation and will pay it off over 2 years with regular monthly What is the regular payment if interest is charged on the loan amount at APR of 8% interest is charged monthly on the balance still Create an amortization table for this loan on Excel What is the total amount of payments made in part a.? What is the total interest

a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $50 at the end of each month Rate 5% compounded monthly Click the icon to view some finance formulas. Time 10 years

a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from​ interest?   Periodic Deposit Rate Time Financial Goal ​$? at the end of each month 6.25​% compounded monthly 45 years ​$1,000,000   a.The periodic deposit is ​$______. ​(Do not round until the final answer. Then round up to the nearest dollar as​needed.)

Find the monthly payment and the given simple interest amortized loan. $5000, 9.5%, 4 years

Find the total monthly payment, including taxes and insurance, for the given mortgage loan using the table. Calculator answers may be slightly different. (Round your answer to the nearest cent.) Amount   Rate   Time(Years)   AnnualTaxes   AnnualInsurance $110,000   9%   15   $1500   $1200 $

Investigate the effect of the term on simple interest amortized auto loans by finding the monthly payment and the total interest for a loan of $13,000 at 8 and 7/8% interest if the term is the following. (Round all answers to the nearest cent.) (a) 3 years. Payment $16461.25 Total interest $3461.25 (b) 4 years. Payment $17615 Total interest $ 4615 (c) 5 years. Payment $18768.75 Total interest $ 5768.75 X X XX XX

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