Your uncle lends you $2,000 less $100 (interest at 5 percent), and you receive $1,900. Use the APR formula to find the true annual percentage rate. Assume you repay the entire loan in one year. (Enter your answer as a percent rounded to 3 decimal places.

If you put $1,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in 7 years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix A . (Hint: Use the future value formula.)   $     How much interest will you earn during the 7 years? Round the answer to the nearest cent.   $     If you put $1,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years? Use the Appendix B . Round the answer to the nearest cent. Round FV-factor to three decimal places.   $

Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $680 and promise to pay back $782 at the end of 1 year.  %

Mr. Bean wants to borrow $9,100 for three years. The interest rate is 7.1% compounded monthly. a. What quarterly payments are required on the loan? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT = 24 b. What will be the balance owed on the loan at the start of the third year? Balance owed=

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 $16,000 at 9 7/8% interest if the term is the following. (Round your answers to the nearest cent.) (a) three years payment       total interest  (b) four years payment     $ total interest     $ (c) five years payment     $ total interest     $

Suppose you obtain a 30-year mortgage loan of 194,000$ at an annual interest rate of 8.4%. The annual property tax bill is $975 and the annual fire insurance premium is $484. Find the total monthly payment for the mortgage, property tax, and fire insurance. Round your answer to the nearest cent.

you get a $15000 car loan for 4 years at 6.7% interest. the lender charges $250 for an origination fee(which is added to your loan amount). what is your APR? Round to the nearest hundreth of a percent.