A loan of  $6500 is to be repaid with semiannual payments for 4 years at 8.4 % interest compounded semi-annually. Calculate the semiannual payment

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: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: A loan of  $12,400 is to be repaid with monthly payments for 5 years at 12 % interest compounded…

A: To calculate the monthly payment, we can use the formula for the monthly payment on a loan with…

Q: Find the saving balance after 25 years with APR 3.5% and monthly payments of $400

A: Given formula is as follows Where A is the final amount PMT is the monthly payment n is the number…

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: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: For a loan of $24,000 at a fixed APR of 8% for 15 years, find the monthly payment.

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Q: Find the monthly payment to amortize a $96,000 mortgage at 5.0% annual interest for 15 years.

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Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

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Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: Compute the monthly payments for an add on interest loan of $2900 with an annual interest rate of 8%…

A: given that P  = $2900 R = 8% T = 4 years formula used for compound interest is…

Q: Find the saving balance after 15 years with an APR of 3.2% and monthly payments of $200

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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: How much is the cash value of the car if the interest used is 12% monthly?

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Determine the monthly payment if you take out a loan for $160,000 with an annual interest rate of…

A: Loan Amount :  L = $160000  Annual interest rate  , r=0.0425r = 0.0425 Loan Term , n = 20 years…

Q: Determine the amount owed on a 750$ loan after 2 years at 12% interest compounded semi annually.

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Q: Find the amount of simple interest on a loan of $3,500 at 9 1/2% interest for 14 years.

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