How much is the total interest on Mr. Marc Pogi's loan? * O 1,476,237.922 O 1,154,024.752 O 13,942,658.357 O 1,870,000.727 3,346,237.922

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A: Here money is borrowed from tbe financial company for simple interest rate . So here we can apply…

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

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

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Q: Mr. Perez acquired a farm worth P680,000. He made a P30,000 down payment and the remaining balance…

A: Since you have posted a multi subparts question according to guildlines I will solve first three…

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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: compute the amount of interest on $900 borrowed at 6% p.a. from feb 21,2022 untill may 30,2022

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Q: $1,909 simple discount note at 5 1/4 % for 16 months What is the effective interest rate?

A: First convert the 16 months into a year. that is 16 months=1612 year Now, I=PRT⇒I=$1,909214001612…

Q: Mustafa purchases an annuity due paying 5% quarterly. If his payment is $9651, how much will its…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: He estimates the cost to be $15584. Find the sinking fund payment if he can purchase an ordinary…

A: We are given,  Estimated cost=15584Time duration=9 yearsRate=5% annually The formula for payment is…

Q: Compute the accumulated value of $ 7776 at 5.93 % after 5 months.(Simple interest)

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Q: Suppose you are awarded a $5,000.00 unsubsidized student loan with an interest rate of 6.8%. If you…

A: Principal amountRate of interestTimeMonthly payments

Q: Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to…

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Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

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Q: Your rich aunty loans you $40000, for the down payment on a house, at a simple interest of 2% (the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Zero Coupon Bonds. Gorham Corp. needs to raise fund and issues 47-year zero coupon bond. If the face…

A: Zero Coupon Bonds. Gorham Corp. needs to raise fund and issues 47-yearger coupon bond If the face…

Q: uppose you pay only the interest on a loan. Will the loan ever be paid off? Why or why not

A: The answer is no

Q: An invoice for $620 dated November 5 with payment terms of 3/10, 2/15, n/30, was paid in full on…

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Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

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Q: Lavenia borrowed P12,500 from a loan firm. She promised to pay after 215 days at 8.75% interest.…

A: Given query is to find the simple interest and the amount.

Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

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Q: Find the future value of the loan $800.00 loan at 8% for 3 months

A: Given: Principal amount = $800.00 Rate of interest = 8% Time period = 3 months Objective of this…

Q: If you are going to a bank, which type of interest will you prefer, simple or compund? why?

A: Which type of interest will you prefer, simple or compound ?

Q: Ordinary annuity, $175 monthly payment, 618% inter- est, eleven years.

A: P=Payment per period=$175r=Interest rate per period=618%=6.18n=Number of periods=11 years