A demand loan for $10,516.65 with interest at 6.6% compounded annually is repaid after 4 years, 7 months. What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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A: Given, period=11 months Amount= $2100 interest at a rate of 9%/year. To find the accumulated amount…

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A: Given  the principal amount P=$6000Interest rate r =4.5%=4.5100=0.045Time t=4 months          t= 412…

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A: Given that The  total amount A=$ 10000Interest rate r=9.2%=9.2100=0.092Time t=9 months =912=34=0.75…

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A: Given Pmt=Mortgage payment P=loan amounts=$224900 r=rate per period=0.0805 n=number of payment=15

Q: how much interest was earned in account 1

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Q: A population numbers 12 000 organisms initially and decreases by 4% each year. Suppose P represents…

A: As per the company guidelines we can solve first question. I hope that the given solution will help…

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…