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Loans
Page 4
Questions (1,208)
Marcel gives Philip a business loan of $10,000 for 2 years with an annual interest rate of 9%.
What is Philip's monthly payment
4 answers
asked by
Tati
1,767 views
Andres Michael bought a new boat. He took out a loan for $23,880 at 4.25% interest for 2 years. He made a $4,000 partial payment
4 answers
asked by
gislb
2,164 views
If you borrow $10,000 with a 1% origination fee of $100, how will it affect the amount of loan money you receive and how much
4 answers
asked by
love_vibes514
3,438 views
A music company offers a loan to buy a drum set for $1500. The simple interest is 11.8% and the loan will be paid in equal
4 answers
asked by
Anonymous
1,684 views
On April 12, Michelle Lizaro borrowed $5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary
4 answers
asked by
reva
1,564 views
April buys a $120,000 condo with an 20-year 3.75% interest-only loan. How much will she owe on the condo at the end of five
4 answers
asked by
bb
435 views
You borrow 1200 at a rate of 4.5% for a period of 6 months, how much will you pay at the end of the 6 months?
12 answers
asked by
Slim
2,259 views
Billy takes a $3000 loan that compounds semi-annually. He makes no payments for the first 4 years, and after 4 years he owes
4 answers
asked by
Cassie
777 views
Allan borrowed $4400 from his father to buy a car. He repaid him after 7 months with interest of 7% per year. Find the total
4 answers
asked by
Eunice
1,486 views
Consider a home mortgage of 125,000 at a fixed APR of 9% for 30 years.
- calculate the monthly payment - determine the total
3 answers
asked by
Nena
1,720 views
The owner of a flower shop needs a short-term loan to tide her business over until she completes the sale of some unused
4 answers
asked by
Mary
2,400 views
On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact
4 answers
asked by
Ashley
1,343 views
Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact
7 answers
asked by
Anonymous
4,114 views
Joan used a fixed installment loan from her bank to finance her home renovation project.
She borrowed $11,000.00 at 6% APR and
3 answers
asked by
Lucy
156 views
you borrow $5,000 from your parents to purchase a used car. The arrangements of the loan are such that you make payments of $250
3 answers
asked by
bob
1,693 views
Malinda Levi borrows $12,000 on a 9.5% , 90 day note. On the 30th day, Malinda pays $4,000 on the note. If ordinary interest is
3 answers
asked by
Chol
1,563 views
Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan
4 answers
asked by
Dee
1,272 views
Andres Michael bought a new boat. He took out a loan for $23,980 at 3.75% interest for 4 years. He made a $4,470 partial payment
3 answers
asked by
sara
2,721 views
If I had borrowed 1500 for six months at 8.5% annual simple interest. How much I will have to repay at the end of six months
9 answers
asked by
seravyan
1,180 views
Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much
4 answers
asked by
breanna ambre
3,020 views
Lane French had a bad credit rating and went to a local cash center. He took out a 113 loan payable in three weeks at 137. What
3 answers
asked by
Vickie
434 views
On September 20, Jody Jansen went to Sunshine Bank to borrow $3,900 at 5% interest. Jody plans to repay the loan on January 27.
3 answers
asked by
Ekanki
1,710 views
Jill Ley took out a loan to pay for her child's education for $60,000 the loan wouls be repaid at the end of 8 years in one
3 answers
asked by
delia
770 views
The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73
Loan balance: $25,000.00 Loan
3 answers
asked by
Ashlie
1,662 views
Steve Perry borrowed $80,000 at 12% ordinary interest for 60 days. On day 20 of the loan, Steve made a partial payment of
3 answers
asked by
Grace
229 views
The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial value
5 answers
asked by
kyle
608 views
Jason and Coretta Bradley got a $206,000, 20-year mortgage loan at 5.35%. Find the amount of the final payment on this mortgage.
3 answers
asked by
Byebye
699 views
find the annual percentage rate on a loan of $1,500 for 18months if the loan requires $190 interest and is repaid monthly.
3 answers
asked by
Donny
639 views
Sheet Metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan. The original
4 answers
asked by
Jen
1,396 views
Jay Jenkins takes out a 12.5% simple interest loan today that will be repaid 9 months from now with a payoff amount of
3 answers
asked by
Shelby
51 views
In one to two sentences, describe one advantage and one disadvantage for a business when it receives a loan.(2 points)
3 answers
asked anonymously
48 views
Charles needs a $10,000 loan in order to buy a car. Which loan option would allow him to pay the LEAST in interest?
Responses A A
3 answers
asked by
Lettuce?
55 views
Charles needs a $10,000 loan in order to buy a car. Which loan option would allow him to pay the LEAST in interest?
3 answers
asked by
Lettuce?
63 views
Josh is buying a RV and is taking out a loan in the amount of $20,000. His choices for the loan are a 5-year loan at 6.00%
3 answers
asked by
Lettuce?
56 views
$7200 at 6.8% interest, student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after
4 answers
asked by
Pearl
927 views
To borrow $2,200, you are offered an add-on interest loan at 10.2 percent with 12 monthly payments
Equal payment Compute the EAR
3 answers
asked by
Anonymous
477 views
a land company has a loan of $8,500 compounded quarterly for 5 years at 6% what is the effective interest rate for the loan?
3 answers
asked by
Anoymous
1,671 views
Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If
4 answers
asked by
Ali
1,707 views
In 9 years, Rollo Company will have to repay a $100,000 loan. Assume a 6% interest rate compounded quarterly. How much must
4 answers
asked by
D Johnson
961 views
Ryan has an eight-year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the
6 answers
asked by
bella
1,851 views
Suppose that 2000 is loaned at a rate of 9% , compounded semiannually. Assuming that no payments are made, find the amount owed
4 answers
asked by
Anonymous
1,586 views
Bill takes a loan of $9,000.00 at a 8% simple interest rate for 6 years.
a. How much interest will he pay after 2 years? b. How
2 answers
asked by
unknown Emo freak
185 views
500 for 2 weeks at #100 interest per week
2 answers
asked by
Peter
221 views
Find the total amount to be paid back to(that is loan+interest) on these loans;N2000 for 3 weeks at N1 on each N10 interest per
4 answers
asked by
Anonymous
456 views
Tom wants to buy a car. He figures he has $200.00 a month to spend on loan payments. The bank's current new car loans are 5.2%
3 answers
asked by
bb
476 views
Troy juth wants to purchase new dive equipment for Underwater connection, his retail store in Colorado springs. He was offered a
4 answers
asked by
Anonymous
3,687 views
Bart made some home improvements for $6,091 using a six-month deferred payment plan with an interest rate of 23.79%. What is the
4 answers
asked by
Steve
2,893 views
Charlotte borrows $9000 over 5 years to buy a second hand car. The loan must be repaid over 5 years at 12% p.a. simple interest
4 answers
asked by
Jake
1,300 views
Three years ago, Ava lent her sister $400 to buy some clothes. Today Ava’s sister paid her loan in full with $454. What simple
4 answers
asked by
Julian
1,794 views
A woman wants to borrow $11,000 in order to buy a car. She wants to repay the loan by monthly installments for 5 years. If the
3 answers
asked by
Melany
580 views
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