the monthly loan payment is 218.65 suppose you receive a 10 year unsubsidized student loan of 19,000 at an annual interest rate of 6.8% use simple interest to find your new total loan amount after you graduate in 4 years

Q: The simple interest due on a 2.5-year loan of $8,500 is $1,062.50. Find the monthly payments on the…

A:

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

A:

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: You want to buy a $31,000 car. The company is offering a 2% interest rate for 60 months (5 years).…

A: Given that the present value PV=$31000Interest rate r=2%=2100=0.02Componded monthly…

Q: Tan Company purchased a large server for $20,000. The company paid 35% of the value as a…

A: Solution:

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

A:

Q: How do I calculate a loan? Given the cost, the APR and how many years till its paid off (15 year…

A: here given details are the cost, Annual percentage rate (APR) and the total tenure of the loan…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Vicki takes out a 10-year loan. The loan is repaid by making 10 level annual repayments at the end…

A:

Q: Lois received a 9-year subsidized student loan of $39,000 at an annual interest rate of 4.625%.…

A: If you have any problem let me know in comment box thankyou.

Q: You have a $70,000  reducing balance loan at 7.5% per year. Monthly repayments are 850. What is the…

A: To calculate the total interest paid by the end of the second month on a reducing balance loan, we…

Q: jerome invests p1400 semiannually at 8% for nine years,determine the cash value of annuity due at…

A:

Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

A:

Q: A car loan is simple interest. You borrow $17,500 for 4 years at 7.5%. Assuming monthly payments,…

A: Given : $17,500 is borrowed for 4 years at 7.5 % of simple interest.   To find : Monthly payments.

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

A:

Q: What is the rebate fraction of a 42 month loan paid off after the 16th payment

A: We know that, Rebate fraction= sum of digits for number of payments remaining / sum of digits for…

Q: Compute the monthly payments for the add on interest loan. The amount of the loan is $9,963.00. The…

A: The interest for a loan of principal amount P for an interest rate of r% for t years is given by;…

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Davida purchased a simple ordinary annuity that earns 2.4% annual interest. She will receive monthly…

A: As per guidelines we can solve first question only when multiple questions are posted. Please repost…

Q: luis mahia purchases a porsche boxster for $45,600 and finances the entire amount at an annual…

A: Given Luis mahia purchases a porsche Boxster for  $45600 and finance the entire amount at an annual…

Q: Your credit union offers to finance a $6000 conventional loan at 4% to be repaid in four years of…

A: Here we have,  The loan amount = $6000 rate r=4%12=412×100=0.0033 Time t = 4 years  Number of the…

Q: Sandra buys a new car for $18,600. She puts 15% down and obtains a simple interest amortized loan…

A: Here, Car price= $18,600 Down payment=0.15 Annual rate= 6.25% Number of months= 5*12= 60 months

Q: 6 year non subsidized student loan of 31000 with an interest rate of 5.1% , calculate monthly…

A: Using the formula , M=Pi/1-1+i-N P= Principle  N= no. of payments(months) i=monthly rate i=annual…