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 $7,200 10.4  days $226

Q: Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days.…

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Q: Find the payment made by the ordinary annuity with the given present value. $231,156; quarterly…

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Q: etermine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days.…

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Q: Calculate the monthly mortgage payment. Round to the nearest cent. $160,000 is financed for 30 years…

A: Total amount of loan, P=$160,000 Interest rate, r=3.5 % APR Time n =30 years

Q: Find the future value of the loan. P = $14,800, r = 3%, t = 7 years O $18,202.13 O $16,117.20 O…

A: Given data  Principal (pv)=14,800 Rate of interest r=0.03 Time period t=7 years Future…

Q: Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up…

A: Principal Amount (p) = $25, 000 Interest (I) = $ 6,450 Rate (r) = 8.6% We have to find time (in…

Q: Calculate the missing information for the loan. Round percents to the nearest tenth and days to the…

A: Given Rate r = 10.3% Interest i = $2000 Maturity value = $47000

Q: Tan Company purchased a large server for $20,000. The company paid 35% of the value as a…

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Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given that $40,000 borrowed at 4% for 9 years, with monthly payments

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To find- Determine the periodic payments PMT on the given loan or mortgage. $600,000 borrowed at 3%…

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: Calculate the simple interest due on a six-month loan of $800 if the interest rate is 2.2% per…

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 7 3 4 9…

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Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: Calculate the present value of the annuity. (Round your answer to the nearest cent.) $11,000…

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Q: Find the amount in the compound interest account after two years, assuming no withdrawals are made.…

A: Initial amount (P) =$4000 Interest rate (r) = 2.9% = 0.029 Time (T)  = 2 years

Q: Find the total return earned by the bond with the characteristics shown in the tabel   face value.…

A: To calculate the total return, you need to know the total interest that you have earned during the…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Assume you have taken out a 24-year loan of $241,515 with an annual interest rate of 3.86%,…

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