Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Interest Calculations
APR Calculation
what is the interest charge with 10.90% APR (annual percentage rate) on a balance of $7100.00
1 answer
Just multiply 7100 times .109 since it is the apr.
You can
ask a new question
or
answer this question
.
Related Questions
Find the APR (true annual interest rate), to the nearest half percent, for the following loan.
Amount Financed = $1200 Finance
The balance in an account triples in 20 years. Assuming that interest is compounded continuously, what is the annual percentage
Mr. Flores opened an account with a deposit of $5,000
The account earned annual simple interest. He did not make any additional
Which statement is true about an annual percentage rate (APR)?(1 point) Responses It is equal to the interest rate times the
I need help calculating the finance charge and new balance using the previous balance method.
Previous balance = $179.32 Annual
Secured Unsecured
Credit APR APR Excellent 4.75% 5.50% Good 5.00% 5.90% Average 5.85% 6.75% Fair 6.40% 7.25% Poor 7.50% 8.40% Use
Suppose you have a credit card with an 20.4% annual interest rate, and the statement balance for the month is $8,600. Suppose
You invested $4000 in a fund for 2 years and was paid simple interest. The total interest that you received on the investment
Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly.
T
You are given two choices for paying for the roof repair: loan X and loan Y.
Loan X: Terms: Credit limit Cash advance Interest