You borrow $700 and promise to pay back $749 at the end of 1 year. Find interest rates earned.
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- You borrow $700 and promise to pay back $749 at the end of 1 year. Find interest rates earned.You borrow $700 and promise to pay back $749 at the end of 1 year. Find interest rates earned.Find the interest rates earned on each of the following. Round your answers to the nearest whole number. You borrow $680 and promise to pay back $782 at the end of 1 year. %
- Find the interest rates earned on each of the following:a. You borrow $720 and promise to pay back $792 at the end of 1 year.b. You lend $720 and the borrower promises to pay you $792 at the end of 1 year.c. You borrow $65,000 and promise to pay back $98,319 at the end of 14 years.d. You borrow $15,000 and promise to make payments of $4,058.60 at the end of each year for 5 years.Find the interest rates earned on each of the following: A. You borrow $700 and promise to pay back $749 at the end of 1 year B. You lend $700 and the borrower promises to pay you back $749 at the end of 1 year C. You borrow $85,000 and promise to pay back $201,229 at the end of 10 years D. You borrow $9,000 and promise to make payments of $2,684.80 at the end of each year for 5 yearsYou borrow $18826 to buy a car. You will have to repay this loan by making equal monthly payments for 5 years. The bank quoted an APR of 12%. How much is your monthly payment (in $ dollars)? $_______
- Suppose you take out an auto loan for $25,500 over a period of six years at an APR of 7.5%. Determine your monthly payments, the total amount paid, and the percent paid toward interest.Suppose you take a 6 year loan of $50,000 with an annual interest rate of 13% and monthly payments starting at the end of year 1. What are the monthly loan payments? Enter your response below.Provide answer this financial accounting
- You invest $24,050.85 in a savings account today at 5% annual interest. How much will be in your account in 15 years. Round to the nearest dollar and use the $ symbol. use a comma if applicableSuppose that you borrow $17,000 for five years at 6% toward the purchase of a car. Find the monthly payments and the total interest for the loan. The monthly payment is $Assume you graduate from college with $31,000 in student loans. If your interest rate is fixed at 4.90% APR with monthly compounding and you repay the loans over a 10-year period, what will be your monthly payment?