What is the total amount that must be repaid on the following note $8,543 borrowed at 14.5% simple interest. what is the total amount to be repaid in 3 years, 125 days later? Round to the nearest cent.

Q: What is the APR on this loan?

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing.…

Q: A loan of £10,000 is repaid by annual payments of £1,300 each at the end of the year. How long does…

A: NPER or the number of periods is the calculation of the total periods of payment considering a…

Q: (1) The total amount of a loan to which interest has been added is P 200,000. The term of the loan…

A: Data given: Total interest = P200,000 t=4.5 years Simple interest = 6%   Formula for simple interest…

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: Find the Simple Interest on a $ 50,000 loan at 15 ½2 % annual interest for ¾ year.

A: The simple interest is based on the amount of loan (P), the given interest rate (r), and the number…

Q: A loan made at an annual rate of 2% has 12 remaining payments of 1900. What is the loan balance?

A: Present value refers to the current value of the future expected cash flows when discounted against…

Q: The interest amount on a $46,500 loan was $24,785.95. The interest rate charged on loan was 9.20%…

A: Future value of a loan refers to the total amount that will be due at the end of the loan term,…

Q: Find the annual simple interest rate of a loan, where $500 is borrowed and where $570 is repaid at…

A: Amount repaid (FV) = $570 Amount borrowed (P) = $500 Period (n) = 4 Months   Annual simple interest…

Q: Your company are offered a bank loan with an annual percentage ate (APR) of 5 percent with quarterly…

A: We need to use effective annual rate formulas below Effective annual rate = 1+rnn -1          r =…

Q: If you borrow $4,600 at $850 interest for one year, what is your effective interest rate for the…

A: The Effective Annual Rate (EAR), also known as the annual equivalent rate (AER) or annual percentage…

Q: What payment is required to pay off a loan of $ 2,550.00 at 6.9% sixteen months later?

A: Future value is the amount we get on the investment at a particular rate of return.. In this case,…

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Solution Rate (in %) for the loan = Interest / principal amount * 360/ days of loan

Q: If a lender makes a simple loan of $600 for 3 years and charges 5%, then the amount that the lender…

A: An interest rate is the cost of borrowing money or the return earned on an investment or savings…

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: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200…

A: ,

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: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Principal Amount = p = $185,000 Time = t = 2 years Interest amount = i = $24,050

Q: Determine the monthly payment for the installment loan. Amount Financed​ (P) =$1000 Annual…

A: We will use following formula to calculate monthly installment :   Monthly Payment = Loan Amount ×…

Q: A demand loan for $7745.46 with interest at 7.4% compounded quarterly is repaid after 6 years, 2…

A: Loan amount (P) = $ 7745.46 Interest rate = 7.4% Quarterly interest rate (r) = 7.4%/4 = 1.85% Period…

Q: What is the loan payment on a fixed-rate/fixed-term mortgage loan of $250,000 at 8% for 15 years?…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: You have taken a loan of $92,000.00 for 35 years at a 4.9% annual interest rate, with interest…

A: Annual payments are made to service the loan. But the interest rate is compounded quarterly. We can…

Q: Find the monthly payment for the loan indicated. (Round your final answer to two decimal places.)…

A: Formula to calculate EMI:  EMI= (P X R/12) X [(1+R/12) ^N] / [(1+R/12) ^N-1] Wherein:  P = Loan…

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: Using the ordinary interest method, find the amount of interest on a loan of $5,000 at 10% interest,…

A: To calculate the interest amount we will use the below formula   Ordinary interest = P*r*d/360 Where…

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 total interest paid on a loan of $5,000 at APR = 6% for 3 years

A: Compound interest is the interest on a loan or deposit calculated based on both the initial…

Q: What is the total interest paid on a loan of $5,000 at APR = 6% for 5 years.

A: Compound Interest = P(1+r/n)^nt - PWhere P = Principal = $5,000R = Rate on interest = 6%N = number…

Q: You have borrowed OMR 12,000 today at 4.5% rate of interest per annum from National Bank of Oman.…

A: given, P = omr 12000 r= 4.5% n = 5

Q: If $900 is borrowed and the interest after 6 months is $63, what is the annual interest rate for a…

A: The term simple interest refers to the borrowing arrangement in which the interest is only charged…

Q: The simple interest charged on an 8-month loan of $95,000 is $974. Find the simple interest rate.…

A: Simple interest = Amount*Rate*time in years

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.)…

A: Future value = Present value ( 1 +Rate of interest ) Number of years

Q: Amount Rate Time ​$63,000 12​% 3 years table of monthly payments on a​ $1,000…

A: Loan amount (PV) = $ 63000 Annual interest rate  = 12% Monthly interest rate (R) = 12%/12 = 1%…

Q: The simple interest charged on a 11-month loan of $54,000 is $732. Find the simple interest rate.…

A: simple interest can be given by the formula: I=P×R×T100

Q: A loan is repaid with payments of $2560 made at the end of each month for 13 years. If interest on…

A: Amortization of a loan refers to the process of spreading out the repayment of a loan over a set…

Q: What is the time period of a loan for $2,250, at 13% exact interest, if the amount of interest is…

A: Loan = 2250 Interest Rate = 13% Interest Amount = 110.59