You are the owner of four Taco Bell restaurant locations. You have a business loan with Citizens Bank taken out 54 days ago that is due in 116 days. The amount of the loan is $37,000, and the rate is 7.5% using ordinary interest.   You currently have some excess cash. You have the choice of sending Citizens $19,800 now as a partial payment on your loan or purchasing an additional $19,800 of serving supplies such as food containers, cups, and plastic dinnerware for your inventory at a special discount price that is "12% off" your normal cost of these items.   a. How much interest will you save on this loan if you make the partial payment and don't purchase the additional serving supplies? Do not round intermediate calculations. Round final answer to the nearest cent. $   b. How much will you save by purchasing the discounted serving supplies and not making the partial payment? Do not round intermediate calculations. Round final answer to the nearest cent. $

A bank advertises car loans at 8% compounded monthly for 4 years. There is a 0.5% reduction in the rate if you apply for the loan through the Internet. Suppose you wish to borrow $35 000.1. Calculate the regular monthly paythent at each interest rate.2. What is the total amount repaid for each loan3. How much interest do you save by applying through the internet?

You currently work part-time making $1,500 per month. You have $1,000 in your bank account and drive a 2010 Honda Civic worth $5,000. You hope to pay off the loan on the car next year but still owe $1,000. You use your credit card for simple monthly expenses like groceries and gas with the intention of always paying it off before you owe any interest. Currently the card has an outstanding balance of $300. You have few items of any value (you rent your apartment which comes furnished) but you do have a laptop that you use for school. You estimate it is worth $500. You are in your last semester of college. Because you work part-time you are going to graduate with only $5,000 in student loans. Based on this information what is your Net Worth? Question 8 Answer a. $1,700 b. $800 c. $200 d. $1,200

You are finalizing a bank loan for $180,000 for your small business and the closing fees payable to the bank are 1.7% of the loan. After paying the​ fees, what will be the net amount of funds from the loan available to your​ business?

A friend asks to borrow $53 from you and in return will pay you $56 in one year. If your bank is offering a 6.5% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $53 instead? b. How much money could you borrow today if you pay the bank $56 in one year? c. Should you loan the money to your friend or deposit it in the bank?

Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment. A local store offered credit at an APR of 16 percent, with a maximum term of four years. The furniture she wishes to purchase costs $3,600, with no down payment required.  What are the total finance charges over that four-year period? Round your answer to the nearest dollar.

Bowflex’s television ads say you can get a Treadclimber that sells for $12,000 for 5 annual payments of $3,000. What annual rate of interest are you paying on this loan? PLEASE BREAK DOWN

Please help

A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows ​$25,000 for 2 years with a simple interest rate of 1.3​%. Determine the amount of money the man must repay after 2 years.

You are going to purchase a new pick-up truck and decided to take a conventional vehicle loan in the amount of $60,175. You plan to finance the entire amount from a local bank. You plan to obtain a loan for 6 years and you were told the interest rate is 4.5% per year. Determine the monthly payments that you would make for the loan.