-The amount of P20,000.00 was borrowed from a lending investor at an interest rate of 5% per month. How the interest is he going to pay at the end of 10months? -Determine the exact simple interest of P5,000 for the period of Jan 15 to Nov 28, if the rate of interest is 22%?

Q: Suppose you borrow $8500 for a term of five years at a simple interest and 8.25% APR. how much is…

A: Interest is the cost of borrowing the money.

Q: Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $87,000 at an APR…

A: Here, Borrowed Amount is $87,000 APR is 5% Time Period is 19 years Monthly Payment is $592

Q: wer takes out a 10-year mortgage loan for $300,000 with an interest rate of 7%. What portion of the…

A: Interest payments:Interest payments refer to the amount of money that is paid by a borrower to a…

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a). How much of the…

A: Loan Amount           P 1,00,000.00 Time Period (Months) 60 Interest rate (Months) 5%

Q: What is the interest rate if the principal amount is P2,000.00 and the interest is P500.00 for 6…

A: Interest = Principal * Rate * Time where, Interest = P500.00 Principal = P2,000.00 Time = 6 months =…

Q: Assume that you take out a $7000 loan for 46 months at 7.5% APR. How much total interest will you…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: Find the annual simple interest rate of a loan, where $500 is borrowed and where $570 is repaid at…

A: Amount repaid (FV) = $570 Amount borrowed (P) = $500 Period (n) = 4 Months   Annual simple interest…

Q: Your business requests a 3-month loan for 50,000. What will be the interest paid at the end of the…

A: The amount of interest paid is calculated as shown below.

Q: If $500 is borrowed and the interest after 18 months is $45, what is the annual interest rate for a…

A: Given:

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a) How much of…

A: Loan amount = P 100,000 Annual interest rate = 5% Monthly interest rate = 5%/12 = 0.416667% Number…

Q: The maturity value of a 4-month loan of $4,250 is $4,367.50. What is the annual simple interest rate…

A: The maturity value is $4367.50. The principal amount is . The time is  months. The objective is to…

Q: Original Terms of Loan:  30 year loan of $127,800 at an interest rate of 6 ½ %. What is the monthly…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: For how long Kirk have to make payments of $290 at the end of every year to repay loan of $2530 if…

A: A loan is a contract between two parties where an amount is forwarded on the promise of repayment…

Q: Flat Rock Inc recently borrowed $55,000 from its bank at a simple interest rate of 9.2%. The loan is…

A: The loan agreement that states the interest amount would be added back to the amount borrowed, such…

Q: If $14,000 is borrowed for 2 months and $82 is paid, then the annual simple interest rate is ____

A: Interest = p * r * t Interest = $82 principal = $14,000 r = rate of interest  t = time in years = 2…

Q: A man borrows $200 at a 3% interest compounded monthy. If he pays the loan off at the end of 7…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: You borrow $1,000 from the bank and agree to repay the loan over the next year in 12 equal…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: If you borrow $7,500 at $550 interest for one year, what is your effective interest rate for the…

A: The effective rate of interest refers to the return on savings or interest on the investment…

Q: What is the maturity value of a $7,500 loan for 16 months at 4.8% compounded monthly? Also. how much…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: You've borrowed $6,903.71 and agreed to pay back the loan with monthly payments of $270. Assume the…

A: Compound = Monthly = 12Present Value = pv = $6903.71Monthly Payment = p = $270Interest Rate = r = 15…

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: If you borrow $2,200 and agree to repay the loan in five equal annual payments at an interest rate…

A: Loan means lending money by one or more individuals or organizations to other individuals or…

Q: Find the annual simple interest rate of a loan, where $900 is borrowed and where $1008 is repaid at…

A: Simple interest is the type of interest that is calculated on the original amount of the loan and…

Q: A man has a loan of 15,000 for 5 years with level quarterly (end-of-quarter) payments at a nominal…

A: Loan Amount =  15000Loan Period = 5 YearsLoan Period in Quarter = 5 * 4 = 20 QuarterInterest Rate =…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: nnual

A: In this we have to calculate future value in two steps for different rate of interest.

Q: If $900 is borrowed and the interest after 6 months is $63, what is the annual interest rate for a…

A: The term simple interest refers to the borrowing arrangement in which the interest is only charged…

Q: Assume that you take out a $2000 loan for 53 months at 5.5% APR. How much total interest will you…

A: Total interest paid = Future amount payable - Loan amount Amount payable for the loan borrowed is…

Q: Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at…

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: You take a small business (SBA) loan for $90,000. The current annual interest rate on SBA loans is…

A: Loan Amount = a = $90,000 Interest rate = 6%

Q: a)loan of £16,000 is repaid by annual payments of £1,500 each at the end of the year.  How long…

A: Ballon payment is the lump sum payment made at the end of the tenure or before the tenure of the…

Q: Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R =…

A: Here, Semi Annual Payments is $878.80 Interest Rate is 5.8% Compounding Period is Semi Annual i.e 2…

Q: A loan of P15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due…

A: Notes Payable - Notes Payable is the liability for the company which needs to be paid after a fixed…

Q: What is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is…

A: In contrasts to a fee that the borrower may pay the lender or another party, interest is a payment…

Q: You are borrowing $10,000 over a two-year period. The annual percentage rate is 4.5%. 1) What is the…

A: Loan installment is that amount which is paid by the borrower to his lendor for a fixed period of…

Q: Suppose you take out a loan for $7,000, at 12% ordinary interest. If the amount of interest is $672,…

A: Principal Amount = p = $7000 Interest rate = r =  12% Interest amount = i = $672

Q: Find the length of the loan in months, if $500 is borrowed with an annual simple interest rate of 3%…

A: Compound Interest: Compound interest is interest computed on a loan or deposit depending on both the…

Q: You plan to borrow $40,100 at a 6.9% annual interest rate. The terms require you to amortize the…

A: A loan refers to a contract between a borrower and a lender where money is forwarded by the lender…