What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

Q: What is the present value of $8,000 to be received eight periods from today assuming a compound…

A: The present value refers to the value of future cash flows at present. The future value is…

Q: Suppose the interest rate is3.6%. a. Having $650 today is equivalent to having what amount in one…

A: Given: Present value = $650 Periodic interest rate = 3.6% per period (annum)  n= number of periods =…

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: he effective annual interest rate is 15%. A) Assume interest is compounded monthly. What is the…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: Suppose you take out a loan for 180 days in the amount of $11,500 at 14% ordinary interest. After 60…

A: A loan is an amount borrowed by a party in exchange for its repayment along with some interest.

Q: Suppose you take out a loan for 180 days in the amount of $15,500 at 13% ordinary interest. After 40…

A: answer principal amount = $15,500 rate of interest = 13% partly payment  after 40days  partly…

Q: Suppose you wish to borrow $400 for four weeks and the amount of interest you must pay is $20 per…

A: The objective of this question is to calculate the Annual Percentage Rate (APR) for a loan of $400…

Q: The monthly payments on a 15-year loan of $20,000 at 6.8% interest are $177.54. (a) What is the…

A: Ordinary annuity is when the PMTs are made at the end of the period.

Q: Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was…

A: Interest rate = r = 12% Time = t = 200 days Interest amount = i = $710.14   Number of days in Exact…

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: Assume that you take out a $7000 loan for 46 months at 7.5% APR. How much total interest will you…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: How much is the compensating balance if you need to borrow $350,000 for one year with 9% single…

A: The compensating balance is the extra amount that needs to be maintained at all times above the…

Q: "If a loan of 1 million is made for 7 days at a rate of 5% per annum, how much interest would be…

A: p = $1000,000 d = 7 days r = 5%

Q: Simple interest of P1,235 is owed on a loan of P9,500 after four years and four months. What is the…

A: Simple interest amount (I) = P1,235 Loan amount (P) = P9,500 Period (t) = 4 Years and 4 months =…

Q: Suppose a bank offer a loan for 2 years with fixed interest rate 9% per year compounded daily.…

A: Effective annual interest rate(EAR) refers to the actual interest rate which is received on deposits…

Q: Considering an interest rate i=14% per year, what is the compound interest rate equivalent to the…

A: Interest rate is 14% per year To Find: Equivalent compounded  interest rate for 45 days Equivalent…

Q: ​$1900 earned simple interest of ​$56.22 in 3 ​months, what was the simple interest​ rate?

A: Simple interest is interest computed on principal amount only not on interest accrued or accumulated…

Q: How much is the exact interest earned if 4500$ is lent at 12% for 125 days?

A: Interest is the amount charged or received on the amount borrowed or invested for the particular…

Q: The maturity value of a 4-month loan of $4,250 is $4,367.50. What is the annual simple interest rate…

A: The maturity value is $4367.50. The principal amount is . The time is  months. The objective is to…

Q: What are the weekly payments on a 6-year, $80,000 loan if the interest rate is 14%?

A: Using excel PMT function

Q: what is the interest due on 1500 note for 4 years and 3 months. if it breaks 12 % ordinary simple…

A: The simple interest is the interest earned by the investor on his investment amount. This method…

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: As per the simple interest loan, The formula to be used is: A=P(1+rt)

Q: What is the simple interest rate on a loan of 2,000.00 that was paid 2,600.00 after 2 years and 6…

A: Interest = Amount - Principal Interest = 2,600 - 2,000 Interest = 600 Time = 2 years 6 months = 2.5…

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: A loan is a form of financing money. The party who takes a loan is called the loan taker and the…

Q: How much is the amount of interest on a loan of $12330.7 that is borrowed today and is to be repaid…

A: Future value refers to the value of a current asset on some future date affected by the interest…

Q: A borrower gets a $75,000, 25 year, 13% loan with 4 points.  What is the true interest rate?

A: Given Information: Loan amount is $75,000 Number of years is 25 Interest rate is 13% 4 points on…

Q: What is the maturity value of a $7,500 loan for 16 months at 4.8% compounded monthly? Also. how much…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: What is the maturity value on a 6-year loan for S7, 585 if the annual simple interest rate is 6.1%?…

A: Principal = $7,585Interest rate = 6.1%Time= 6 yearsMaturity value=?

Q: What is the effective monthly interest rate for a loan with a 12% nominal annual interest rate if…

A: Nominal Annual Interest Rate = r = 12%

Q: Find the amount due if $800 is borrowed for 18 months at 18% simple interest.

A: Amount borrowed (P) = $800 Period (n) = 18 months Interest rate (r) =0.18 Amount due = ?

Q: How much is the exact interest earned if P4,500 is lent at 12% interest for 125 days?

A: Investment = P4,500 Interest rate = 0.12 or 12% Number of days = 125 days Interest earned = ?   In…

Q: If the bank quotes a loan APR of 9% per annum, compounded monthly, what do you have to pay back in 1…

A: Compound interest= P(1+r%/n)^tn Interest rate = 9% Borrow amount= 100

Q: The monthly payments on a 20-year loan of $25,000 at 6.8% interest are $190.83. (a) What is the…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000…

A: yield to maturity (YTM)The yield to maturity is a financial metric used to measure the annual rate…

Q: What is the effective interest rate per month if the interest rate is 9% compounded continuosly?

A: The effective interest rate is the actual return on a savings account or any other interest bearing…

Q: What annual interest rate is earned by a 20​-week T-bill with a maturity value of $2,900 that sells…

A: The time value of money states that the money we have today has more worth than the money we are…

Q: If you bought a 4-week T-bill for Tk.887 and receive Tk.1,200 4 weeks later, what is the effective…

A: The Effective Annual Interest Rate (EAR) is the interest rate that is adjusted for compounding over…