In the first payment on a 60- month, $10,000 car loan with an APR of 2.89%, how much pays off the principal?
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- For a personal loan amount of $5,000 @ 10.5% APR due in nine (9) months, a) what is the total interest paid, and b) what is the monthly payment?You are borrowing $10,000 over a two-year period. The annual percentage rateis 4.5%.1) What is the monthly payment?2) What is the total amount paid for loan? 3) What is the total interest paid for the loan?Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at 10% for 150 days. Present Value: P= $
- What is the total interest paid on a loan of $5,000 at APR = 6% for 3 years.You borrow $5,000 at 10% per year and will pay off the loan in 3 equal annual payments starting 1 year after the loan is made. The end-of-year payments are $2,010.57. Which of the following is true for your payment at the end of year 2? a. Interest is $500.00 and principal is $1,510.57 b. Interest is $450.00 and principal is $1,560.57 c. Interest is $348.94 and principal is $1,661.63 d. Interest is $182.78 and principal is $1,827.79.A business loan of 800,000 is to be repaid in full after 2 year. What is the amount to be paid if the effective rate of interest is 8%
- What is the monthly car payment on a 5 year $17,500 car loan at 5% annual interest?Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12% converted monthly. 1. How much is the outstanding balance after the 36th payment? 2. How much of the 37th payment goes to pay the interest the principal?you obtained a $10000 loan at 1.5% compunded monthly. how much more interest will you pay in the second year compared to the third year of the loan
- What is the monthly payment on a loan of $5,000 at APR = 6% for 4 years.A car loan is taken for $20,000 to be paid back in 6 years, with monthly payments of $304. What nominal annual interest rate is being charged in this loan? 13.13% 3.07% 3.00% 1.09%what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was originally borrowed?
