Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Financial Mathematics
Loan Repayment
loan of $12571 was repaid at the end of 16 months. what size repayment check ( principal and interest was written if 8% annual tate of interest was charged?
1 answer
term was 4/3 years
check=12571(1.08)^(4/3)= 13929.48
You can
ask a new question
or
answer this question
.
Similar Questions
a loan of 22,823 was repaid at the end of 12 months. What size repayment check (principal and interest) was written , if a 10.7
Top answer:
To calculate the size of the repayment check for a loan, we need to consider the principal amount
Read more.
a loan of 22,823 was repaid at the end of 12 months. What size repayment check (principal and interest) was written , if a 10.7
Top answer:
22,823 * 1.107 = ?
Read more.
A loan of $8,532 was repaid at the end of 12 months. What size repayment check (principal and interest) was written, if a 9.5%
Top answer:
AMT = 1.095 * $8,532 =
Read more.
a loan of 4000 was repaid at the end of 10 months with a check for 4270. what annual rate of intreste was charged.
Top answer:
4270=4000(1+i)^10/12 take the log of each side log 4270=log4000+ 10/12 log(1+i) find log(1+i)=??
Read more.
A bank loan of $500 is arranged to be repaid in two years by equal monthly instalments. Interest, calculated monthly, is charged
Top answer:
let the payment be p then i = .11/12 = .009166.. 500 = p(1 - 1.0091666..^-24)/.0091666.. You do the
Read more.
Could someone please help me journalize this one? I have been stuck on it all day!
Business Ltd took out a loan of $10,000 from
Top answer:
To journalize this transaction, we need to record the initial loan received from the bank as well as
Read more.
ry pays 5000 at the end of every month to a bank as loan repayment the interest rate of 10% compounded monthly and t=4 months.
Top answer:
To find the present value, we need to calculate the total amount paid over the four months and then
Read more.
Marry pays 5000 at the end of every month to a bank as loan repayment the interest rate of 10% compounded monthly and t=4
Top answer:
To find the present value, we need to calculate the amount that Marry needs to borrow from the bank.
Read more.
Find the annual percentage rate on a loan of $1,500 for 18 months if the loan requires $190 interest and is repaid monthly.
Top answer:
I = PRT Note: T = 1.5
Read more.
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
Top answer:
same question here .... http://www.jiskha.com/display.cgi?id=1316711274
Read more.
Related Questions
(a)A loan of 12 000 was borrowed from a bank at 14% per annum
Calculate (i) The interest on the loan at the end of the first year
A $9,000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days, respectively, after the date of the loan.
Allan borrowed $4800 from his father to buy a car. He repaid him after 9 months with interest of 5% per year. Find the total
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
Using an online loan calculator, determine the difference in the total cost of repaying a $2,500 easy-access loan between the
What is an unsecured loan? (1 point)
Responses a debt whose repayment is guaranteed by a pledge of something
Riley is sitting with her loan officer, reviewing the terms for repayment of her business loan. She noticed she may have to
Question
Using an online loan calculator, determine the difference in the total cost of repaying a $2,500 easy access loan
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
Find the future value of an investment if Br . 100000 loan to be repaid in equal installment at the end of each of the next 5
