find the interest rate a loan of 8500 at 7% made on july 23rd and due on november 30 A. 211.92 B. 209.90 C. 207.03 D. 214.86

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 company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: K Dan borrowed $1580.00 today and is to repay the loan in two equal payments. The first payment is…

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Q: Find the lump sum deposited today that will yield the same total amount as payments of $6,000 at the…

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Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given: P = $ 7500 r= 13% Time period in days, n = 136 (not including the due date)

Q: Calculate the annual payouts C to be given for 15 years with an interest rate of 6% on an annuity…

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Q: Calculate the missing information for the installment loan that is being paid off early. Number of…

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Q: Use a calculator to evaluate the present value of an annuity formula P = m   1 −   1 +  r n   −nt…

A: Given formula: P=m*1-1+rn-ntrn Given information: n=12 m=$1050 t=9 yr r=6%.

Q: Determine the present value of £100 due in two and a half months at 10.3% p.a. compound interest.

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Q: Use a calculator to evaluate an ordinary annuity formula nt 1 + A = m 1 for m, r, and t…

A: Solution:

Q: Mrs. Salas owns a bookstore, she buys used from customers for $0.75 each. Mrs. Salas resells the…

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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: Use a calculator to evaluate an ordinary annuity formula nt - 1 A = m for m, r, and t…

A: The given formula for ordinary annuity is A=m1+rnnt-1rn. The given values are m=$100, r=4%=0.004,…

Q: For the following loan, make a table showing the amount of each monthly payment that goes toward…

A: According to bartleby expert guildline I am solving the 1st question for another question you send…

Q: If $ 9.3 is invested in a bank for 1192 days, and simple interest of 4.7 per cent per annum is…

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Q: Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the…

A: Solution:- first calculate the total amount paid in 10 years