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1.
| Loan Date | Time of Loan (days) | Maturity Date |
|---|---|---|
| July 10 | 220 | ---Select--- January February March April May June July August September October November December |
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- Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Maturity Value $145,000 15-/1/2 Time 8 months $ Interest $Find the amount (in of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time $145,000 14/12/2 Need Help? Submit Answer Read It 8 months Interest Enter a number. Maturity Value LA XFind the length of the loan in months, if $800 is borrowed with an annual simple interest rate of 17% and with $924.666666666667 repaid at the end of the loan. Length of the loan = months.
- The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $2300, A = $2722, t = 6 months.Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Time Interest Maturity Value $185,000 15 1 2 8 months $ $Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Time Maturity Value (in $) Rate Interest Principal Interest (%) (days) Method $17,000 13 121 days Ordinary $730 $ 17730 Need Help? Read It
- Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $3,100 % 164 Exact $220 $Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,300 10.4 __________ DAYS $227Find the interest on the loan using the Banker's rule. P= $2.000, r= 11%, 1 = 90 days
- Consider a home mortgage of $17500 at a fixed APR of %6 for 15 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. Please show all work computaion explanation formulas clearly with stepsFind the amount of interest and the maturity value of the following loan. Principal Rate (%) Time 1 8 4 $45,125 15 months -4) You borrow $2500 on September 3rd this year. Your demand loan carries an interest rate of 7.46%. You make partial payments of $500 on October 15th and $1575 on November 17th, You want to make a final payment of the remaining outstanding balance on November 30tn. What is the size of your final payment? Use the declining balance method. A) $450.02 B) $399.76 C) $612.84 D) $851.11 E) $449