What is the time period of a loan for $2,250, at 13% exact interest, if the amount of interest is $110.59? (Round to the next higher day.) O 127 days O 137 days O 139 days 153 days

Use the exact interest method (365 days) and the ordinary interest method (300 days) to compare the amount (in 1) of interest for the loan. (Round your answers to two decimal places.) Principal Rate (6) Time (days) Exect Interest Ordinary Interest $196,500 $C 9.75 51

Subject.... account

Use the exact interest method (365 days) and the ordinary interest method (360 days) to compare the amount of interest for the following loan. Round your answers to the nearest cent. Principal Rate (%) Time (days) Exact Interest Ordinary Interest $ $136,000 7.30 64 1,741 1,765

Use exact interest method to find rate of interest on a loan of $9000 for 354 days if amount of interest is $$489.50 6.1%5.6%4.9%5.4%

Assuming that interest is the only finance charge, how much interest would be paid on a $5,000 installment loan to be repaid in 24 monthly installments of $235.54? Round the answer to the nearest cent. $   What is the APR on this loan? Round the answer to 2 decimal places.     %

Just as a heads up in the question it mentions ordinary interest, ordinary interest is 360 days instead of the full 365 days a year

Using the ordinary interest method, find the amount of interest on a loan of $5,000 at 12 % interest, for 274 days. (Round to the nearest cent.) 2 O $380.56 O$469.18 O $475.69 O $575.00

What is the number of months required for a deposit of $1320 to earn $16.50 interest at 3.75%?

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 $ Total interest $ (b) 4 years. Payment $ Total interest $ 4615 (c) 5 years. Payment Total interest Enter a number. XX XX XX