Posted by **Renee** on Monday, October 29, 2012 at 6:29pm.

Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple interest on the remaining balance of the loan in semi-annual equal PRINCIPAL payments for four years. How much total interest will Borrower Brown pay over the life of his loan?

## Answer This Question

## Related Questions

- Math - Suppose you borrowed $25,000 for a car at an APR of 8%, which you are ...
- Math - Maya bought a car for $15,000. To pay for it, she took a bank add-on ...
- math - How do you find simple interest of something? I have a problem like this...
- Finance - Mrs. Smith borrowed $20,000 from Last National Bank. She will repay ...
- Real Estate - Smith purchases a home and obtains a $65,000 loan. The principal ...
- Math - The cost of a new car is $16,000, which can be financed by paying $3000 ...
- Real Estate - An 8% interest loan with payments of $299.17 had a balance of $8,...
- math - If you paid 2,000 a month or 24,000 a year on 200,000 dollars at 5.00% ...
- math - you borrow $1200 from a bank that bank charges 9.5% simple annual ...
- Business finance - In a discount interest loan, you pay the interest payment up...

More Related Questions