A loan is repaid with payment of $7209 at the end of each quarter for 11 years. If interest on the loan is 9.2%, compound monthly, what is the initial value of the loan

Q: find the monthly mortgage loan payment for a $187,000 loan at 4.0% for 20 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $187,000…

Q: Determine the interest to be paid from a loan of $2900 borrowed at 4.5% compounded annually for 10…

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Q: The payment on a 15 year loan at 9.36% compounded weekly is $180.00. Calculate the amount of the…

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Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Assume that you make a quarterly payment of $750 into an annuity paying 9% interest compound…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Determine the interest to be paid from a loan of $8400 borrowed at 7.7% compounded annually for 125…

A: Information provided: Present value = $8,400 Time= 125 weeks Interest rate= 7.7%/52 = 0.1481% per…

Q: A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She…

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Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: A car loan is simple interest. You borrow $17,500 for 4 years at 7.5%. Assuming monthly payments,…

A: Given : $17,500 is borrowed for 4 years at 7.5 % of simple interest.   To find : Monthly payments.

Q: Courtney received a loan of $51,000 from the bank at 4.00% compounded monthly. If she had to repay…

A: To calculate the principal balance at the end of 3 years, use the following formula:A = P(1 +…

Q: The rebate offer is $3800, and you can obtain a car loan at your local bank for the balance at 3.78%…

A: Let E be the monthly payment , P be the principal amount , r is the rate of interest and n is the…

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

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Q: Determine the interest to be paid from a loan of $6560 borrowed at 5.1% compounded quarterly for 4…

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Q: The payment on a 15 year loan at 9.36% compounded weekly is $180. Calculate the amount of the loan.

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Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

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