Using 12 percent simple interest per year, how much interest will be owed on a loan of $500 at the end of two years?

Does the compounding increases the amount of interest paid over a year atthe same nominal interest rate?

Consider a student loan of $12,500 at a fixed APR of 9% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Steve promises to pay Amanda $2,000 in four years and another $3,000 four years later  for a  loan of $2,000 from Sandy today.  What is the interest rate that Sandy is getting? Assume interest is compounded monthly.

A couple deposits $24,000 into an account earning 3% annual interest for 30 years. Calculate the future value of the investment if the interest is compounded quarterly. Round your answer to the nearest cent. Formulas

Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

MULTIPLE-CHOICE QUESTION How does compounding interest help you grow wealth over time? because your contributions to investment accounts grow steadily O because interest rates always increase over time O because interest payments are continually added to the principal

can you solve it with formulas?please make your text readable.