Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. Amount Number of Financed Payments $100,000 72 Monthly Payment $2,025.50 Finance Charge $ 45836 0.1802 APR X %

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Consider a home mortgage of ​$200,000 at a fixed APR of 4.5​% for 25 years.   a. Calculate the…

A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchased a…

A:

Q: Find the minimum payment on an unpaid balance of $1,416.02. Assume that the minimum payment on a…

A: Solution: Given, Unpaid balance = $1,416.02 The minimum payment on a credit card is the greater of…

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: Consider a student loan of $15,000 at a fixed APR of 6% for 15 years. a. Calculate the monthly…

A: 1) a) Amount borrowed = $67,000, Annual Interest rate = 4%, the number of payments per year is 12…

Q: Find the mortgage payment for a 15 year loan of 224,900$ at an annual interest rate of 8.05%. Round…

A: Given Pmt=Mortgage payment P=loan amounts=$224900 r=rate per period=0.0805 n=number of payment=15

Q: Calculate

A:

Q: What is the monthly mortgage constant on a 20-year mortgage loan of $75,000 requiring payments of…

A: Note;- These are multiple questions according to guideline we can do maximum 1 question so i am…

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: Use the formula or a calculator application to find the monthly payment on a home mortgage of…

A: From the given data loan amount (P.V.) = ​$295,298rate of interest  = 4.908 % = Monthly interest…

Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

A:

Q: Calculate the annual interest that you will receive on the described bond. A $2000 Treasury bond…

A:

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

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

A:

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: 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: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

A:

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Let the annual rate of interest be r%. Then,      Interest = Prt/100     P : Principal amount    r :…

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…

Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

A: