What is the effective annual rate on the loan? (i.e., what is the interest rate once we take into account compounding?)

What is the maximum Annual Percentage Rate (APR) you can afford if you want to borrow $5,200 for a period of 48 months and can make monthly payments of $135, without exceeding this amount, while considering monthly compounding?

You borrow $364000 for the the purchase of a house at an APR of 7.52% for 15 years. Your monthly payment is $3378.46. How much money will you pay in interest for this loan?

If a consumer borrows a loan of $23, 000, and pay it off in 5 years, including the finance charges of $1, 000, What is the effective annual rate of interest?

You've just taken out a student loan with a quoted interest rate of 4.1%. You will have to pay back $1,600 in 19 years, with no intermediate payments necessary.  A. How much did you borrow if interest is compounded monthly?  B. How much did you borrow if interest is compounded daily?

You borrow $165,000; the annual loan payments are $9,541.97 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number

​(Compound interest with nonannual periods​) After examining the various personal loan rates available to​ you, you find that you can borrow funds from a finance company at an APR of 6 percent compounded quarterly or from a bank at an APR of 7 percent compounded monthly. Which alternative is more​ attractive?       a. If you borrow ​$100 from a finance company at an APR of 6 percent compounded quarterly for 1 ​year, how much do you need to payoff the​ loan?   ​$nothing   ​(Round to the nearest​ cent.)