How much interest will accrue over three months on a $10,000, 9% loan? A. $2,700 B. $225 C. $300 D. $900
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- Suppose you take out a loan for 180 days in the amount of $15,500 at 13% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (R to the nearest cent.) O $14,731.39 O $15,468.26 O $15,680.94 O $15,731.88How much would one pay in points on a $145,000 loan if 2 points were charged? a. $2,900 b. $2,000 c. $2,842 d. $2,320If you borrow $1,000 at 8.5% simple interest and the loan requires a lump sum payment of $1,235.79, what is the term of the loan? (Round your answer to the nearest whole number.)t = ________ days
- 1. Consider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using the average balance method). b. How much would you pay in total for interest?If you borrow $18,000 today with a loan term of 2 years and semiannual repayments of $4,500, how much will your third interest payment be with an annual interest rate of 4%? O a. $270 O b. $180 Oc. $380 O d. $360Can someone help me find the right answer?
- Suppose you take out a loan for 180 days in the amount of $15,500 at 14% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent.) $14,826.11 O $15,543.68 O$15,772.99 O$15,832.06SpIf you borrow $5,400 at a simple interest of 5% per year, how much will be repayed after 6 years? a. $7,020 b. $5,670 c. $7,237 d. $1,620 e. $1,837 Clear my choice
- How much is the loan amount if you need to borrow $350,000 for one year with 9% single payment interest and a 15% compensating balance. * O 326086.96 O 315000 O 3750000 O 411764.71 O 24000QUANT REASONING (105A-... Ⓒ Untitled Assume that you take out a $4000 loan for 30 months at 8.5% APR. What is the monthly payment? (Round your answer to the nearest cent.) W WA Finance 2 - Borrowing Money and Paying Interest - 22/SU INTE.... $ If you make the payment you just calculated every month for 30 months, how much will you have paid altogether? $ $ If you make the payment you just calculated every month for 30 months, what is the dollar amount of interest paid altogether? If you make the payment you just calculated every month for 30 months, what is the percentage of interest paid altogether? Round the percentage to one decimal place. %10. How long will it take the 200,000.00 loạn to accumulate to 300,000.00 at 7.5% compounded semi-annually? a. t=7 h t-6 d t-4
