kirk pays $300 per month to what is school loan he has already paid $8,000 of the total loan amount is 12,500 no interest is figured into calculation how many more months will take him to finish paying those loans

Q: eposits $8600 in a bank account that pays a simple interest rate of 6.5% per annum. find how long it…

A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

Q: A well driller charges $10.00 for drilling the first meter of a well and for each meter thereafter…

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Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: Given the given invest=$3,600 Interest rate=0.43%(compounded monthly) Time=2 years Apply formula…

Q: Audrey deposited $12,000 into an account paying 5% interest compounded twice a year. How long will…

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Q: Joy invests $18,000 into an account at an annual rate of 0.6% simple interest for 36 months.…

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Q: Gary is getting a Wi-Fi hotspot that costs $35 and has a monthly data plan of $20/month. How much…

A: Given query is to find the the total cost of wifi over 2 years .

Q: Find the interest rate for a principal of $8581 and charged $40651 in interest for 18 years.   The…

A: The objective of this question is to find the interest rate for a given principal amount, interest…

Q: Joe is borrowing $600 from his parents in order to finish paying his tuition bill. His  parents…

A: Simple interest (SI)=Principal amount (P)×Rate of interest (R) in decimal ×Time(T) as a fraction of…

Q: You owe $2300 on a credit card with 21% APR if you pay $80 a month, how long will it take you to pay…

A: Formula for the loan amortization is  A=Pi(1+i)n(1+i)n-1 where A=periodic payment P=loan amount…

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: Based on the value of the​ guitar, the pawnbroker loans you $960 One month​ later, you get the…

A: Effective Annual Interest Rate CalculationFormula:Effective Annual Interest Rate (EAR) = (1 + (i /…

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: A five -month term deposit of $10,000 at Scotiabank earned $175 in interest. What annual rate of…

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Q: Hannah saved $250 at the start of each month for the last 10 years. If the accumulated value of her…

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Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: colin has a past due rent of 14,498 his new rent is 1195 a month for the next year. if he breaks up…

A: Colin's previous due is 14,498. So, if he breaks up his past due balance equally for the next year,…

Q: If you paid $47 to a loan company for the use of $1120 for 191 days, what annual rate of interest…

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Q: Sam invests $1000 into an account earning 5.25% interest compound quarterly. How long will it take…

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