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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- Calculate the amount of interest to be paid on a $50,000 loan over the next 28 months if money earns 8.6% p.a simple interest. Select one: O a. $120,400 O b. $10,033.34 c. $836.12Assume a $620,000 loan over a 20 year period at a fixed rate of 5.85%. How much would a borrower save by taking the loan out on a full-capital repayment schedule rather than an Interest Rate basis? a. $164,328.81 b. $327,813.04 c. $0 d. $292,186.96\A man loans $4,000 at one interest rate and $5,000 at a 1% greater rate. The $5,000 loan earns $110 more per year than the $4,000 loan earns. Determine the following: The interest rates. Explain the concepts/principles that were considered and the factors that affected the condition of item (a)
- Find the future value of this loan: $20,862 at 11.4% for 14 months. Group of answer choices A. $23636.65 B. $25657.00 C. $263536.51 D. $40,000.00How 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. $2,320How much interest will be paid on 5-year, $50,000 loan if the rate of interest is 7.5% compounded annually? Multiple Choice $10,791.18 $11,791.18 $12,791.18 $9,791.18 $8,791.18
- If 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 = ________ days1. 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. $360
- Can someone help me find the right answer?FRM. (Term=30 years, Note Rate = 5.25, Loan Amount = 800,000, Points=2) What is the FTL annual percentage rate (FTLAPR) that the lender must disclose to the borrower? O 5.375% ○ 4.750% O 4.875% O 7.000% O 6.905% O 7.011%You have taken a loan of $150,000 at an interest rate of 6% (annual). If the number of monthly equal instalment is 60, then find the principal paid in 36th instalment. a. $ 339.95 b. $ 2,899.92 c. $ 2,559.97 d. $ 2,839.95 с.
