John takes out a 5-year loan for $9,200 at interest compounded 7% Calculate his monthly payment. monthly.
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- John takes out a 5 year loan for $10000 at 8% interest compounded monthly. Calculate his monthly payment. John's monthly payment will be $ ZAMEN MAKOwen borrowed $28,500 at 9% compounded monthly to buy a car. The loan will be repaid with equal monthly payments for 5 years. Calculate the interest and principal components of payment 12.Ma. Nochna Pula borrowed $10,000 at 6% annual compound interest. She agreed to repay the loan with five equal annual payments at end of each year. How much is the annual payment?
- Josiah took out a 25-year loanfor $215,000 at 9.6% interest,compounded monthly. If hismonthly payment on the loan is$1893.41, how much of his firstpayment went toward notereduction?Find the periodic payment for Alyssa's loan of $100,000 that has an annual interest rate of 5.5% compounded monthly for 25 years.Sara deposits $500 per month into an annuity. The annuity earns 5%.interest.compounded monthly. If she does this for 30 years, how much is in the annuity? Round to nearest whole dollar. S Enter a number, Submit Answer
- Desidero Garcia got a simple interest amortized loan for $20,000 at 7 3/8 % for five and half years. Find the monthly payment and the total interest that will be paid.Karen obtained a $25,000 loan at 4.5% compounded semiannually. a-1. What monthly payment will repay the loan in 7 1/2 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Monthly payment $ a-2. How much interest will Karen pay over the life of the loan? (Round intermediate calculations to 2 decimal places and round your final answer to the nearest dollar.) Total interest $Karen obtained a $25.000 loan at 4.5% compounded semiannually. a-1. What monthly payment will repay the loan in 7 1/2 years? (Do not round Intermedlate calculations and round your final answer to 2 decimal places.) Monthly payment $4 a-2. How much interest will Karen pay over the life of the loan? (Round Intermedlate calculations to 2 declmal places and round your final answer to the nearest dollar.) Total interest %$4 6 of 9 Next > < Prev connect T
- To vacation with his family, Mr. Velasco obtains a loan of $60,000 to be paid in 7 monthly installments with an annual interest rate of 13% compounded by months. Prepare the amortization table.Ll.151.Ryan must pay off a loan of $4,000 in 3 years. Use the appropriate formula to find the amortization payment he would need to make each six months, at 12% interest compounded semiannually. A. $132.86 B. $401.85 C. $573.45 D. $813.45
