Posted by **Emma** on Thursday, January 19, 2012 at 8:12pm.

Loan #1

Year Amount owed

1 $3796

2 $3942

3 $4088

Loan # 2

Year Amount owed

1 $977.53

2 $1036.18

3 1098.35

For loan #1 is simple interest. Loan #2 is compound interest

How much was each loan originally

Determine the future value of each loan after 10 years

## Answer this Question

## Related Questions

- math - Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount ...
- math - in 2nd year Adam owed $ 977.53, in the 3rd year he owed $ 1036.18 and in ...
- VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...
- Finance - To find the simple interest on a loan for 1 year at 12.5%, multiply ...
- Math - hollis is paying off 2 student loans. One loan charges 7% interest, per ...
- math - Belle had the choice of taking out a four year car loan at 8.5% simple ...
- Math - A person takes a simple interest loan at 7.5%. After 6 months, the amount...
- Compound Interest - Payments of $1,800 and $2,400 were made on a $10,000 ...
- MATH - Martin takes out a simple-interest loan at 7.5 %. After 6 months, the ...
- eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...

More Related Questions