You have taken a loan of $54,000.00 for 22 years at 4.8% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest Balance 0) $54,000.00 1) 2) 3) %24 %24 %24 %24

Q: Find the accumulated amount at the end of 11 months on a $2100 bank deposit paying simple interest…

A: Given, period=11 months Amount= $2100 interest at a rate of 9%/year. To find the accumulated amount…

Q: The monthly payment is ​$    enter your response here. ​(Round to the nearest cent as​ needed.) The…

A: The formula used to calculate monthly payment is- PMT = (P*(R/n))/(1-((1+(r/n))^(-nt))) where,P =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $460…

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Q: You have taken a loan of $89,000.00 for 27 years at 5.4% compounded quarterly. Fill in the table…

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Q: Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid…

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Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

Q: The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the…

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Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: You have taken a loan of $74,000.00 for 35 years at 3.6% compounded quarterly. Fill in the table…

A: Solution:

Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: You have taken a loan of $11,000.00 for 4 years at 1.4% compounded monthly. Fill in the table below:…

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Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

A: HERE GIVEN MONTHLY PAYMENT IS MADE FOR 22 YEARS IT MEANS 12 PAYMENTS PER YEAR. AND OTHER DETAILS ARE…

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Let the annual rate of interest be r%. Then,      Interest = Prt/100     P : Principal amount    r :…

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…

Q: You have taken a loan of $7,000.00 for 4 years at 3.1% compounded monthly. Fill in the table below…

A: Solution of the problem as follows

Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

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Q: Suppose that you borrow $20,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of…

A: Amount of Loan = $150,000Annual Interest Rate = 3%Monthly Interest Rate = 0.25%Period of Loan = 25…

Q: Find the monthly simple interest payment for a credit card with a balance of $1200 and a yearly…

A: Given that the outstanding balance of the credit card is $1200. The annual interest rate is 27% =…

Q: You have taken a loan of $66,000.00 for 32 years at 3.4% compounded quarterly. Fill in the table…

A: Given the following, Outstanding P=$66,000Rate of interest r=3.4%=0.034Tenure in years t=32Number of…

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given information Loan amount=$10,000 n=4 years For monthly payment, n=12×4=48 And r=8% ⇒r=8100=0.08…