asssuming that the interest is the only finance charge, how much interest would be paid on 5,000 installment loan to be repaid in 36 moonthly installment 166.10? what is the apr on this loan?

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A: A loan is in the form of money given to another party who needs funds in exchange for repayment of…

Q: If a borrower repays RM 11430 at the end of two years, which includes RM 2430 interest at a rate of…

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Q: 9. A borrower takes out a 30-year mortgage loan for $285,000 with an interest rate of 4.125%.…

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Q: correct answers are i) = 16,775. ii) = 15,293.38. iii) for a) 15,131.79 and for b) 167.64 no…

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Q: effective interest rate on a loan

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Q: Calculate the missing information for the installment loan that is off early. Sum-of-the-…

A:

Q: Calculate the loan amount on a purchase having a cash price of $47,900 with a down payment of…

A: Down Payment: The down payment is the portion of the purchase price that you pay out-of-pocket (as…

Q: What interest rate would make it worthwhile to incur a compensating balance of $15,000 in order to…

A: A compensating balance is a specific amount of money a borrower must maintain in an account with a…

Q: What is Debt Service?

A: Step 1 The amount of money required to pay interest on the loan with the principal over some time is…

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A: Issue amount185000Interest rate4%Duration of issuance (in days)60Number of days in a…

Q: The following loan is paid in full before the date of maturity. Find the amount of uneaned interest.…

A: There are various method which can be used to compute the interest charged on a loan. Rule 78 is one…

Q: Which statement is true about an annual percentage rate (APR)? A) it is of little interest to the…

A: APR The yearly percentage rate is referred to by this phrase. The annual percentage rate can be…

Q: Which of the following statement is true of amortization? The computation of loan amortization is…

A: We take loans to buy things that we cannot afford on our own.  The loan is then repaid through fixed…

Q: Which results in a lower total interest​ charge, borrowing ​$1,290 to be repaid 12 months later as…

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Q: FRM. (Term=30 years, Note Rate = 5.25, Loan Amount = 800,000, Points=2) What is the FTL annual…

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Q: A loan with a nominal value of ($3000) payable after (250) days. The debtor paid the amount before…

A: The discount rate is the interest rate which is charged to commercial banks and other institution…

Q: Use the appropriate amortization formula to find (a) the monthly (n=12) payment on a loan with the…

A: Amortization means the amount of Principal and interest paid each month over the course of your loan…

Q: If an electric appliance present worth is P 11,712 and is being paid P 1,636 indefinitely, calculate…

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Q: the intereswt rate a company pays on 1 - year, 5-year loan depends on?

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Q: If an interest rate of 8.9% compounded semi-annually is charged on a car loan, what effective rate…

A: Interest is an additional amount which is paid by the borrower to the lender on the borrowed amount…

Q: 2. Find the amount (in $) of interest on the loan

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Q: 4. A particular payday loan company offers quick, short-term loans using the borrower's future…

A: APR is Annual Percentage Rate APR is the annual rate that is charged for a loan, representing yearly…

Q: 167 day simple interest loan for $10,456 has a maturity value of $10,961. What is the simple…

A: Simple interest rate is interest on the loan amount and there is no interest on interest amount.

Q: The interest on a loan of R2 000 to be repaid

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Q: .A bank offers a 272- day discounted loan at a simple discount rate of 12%. (a) How much money would…

A: The discount on loan is given and that discount on loan is the interest being charged on the loan…

Q: How much do ten P 4,533 quarterly payments amount at present, if the interest rate is 2 compounded…

A: present value of annuity: PVA=A×1-11+RMM×NRM×1+RM WHERE, A=annuity R=rate of interest M=frequency of…