What is the unpaid balance of the business loan of 50,000 with interest rate of 9% compounded monthly for7 years, after the firt year of payments?
calculate the interest charge on a $5.000 balance with the visa student card annual interest rate of 10.8%
Assume the economy has gotten better and that the funds now have a return of 7.72% compounded monthly. Diane salary has risen now she can contribute $1000 per month. At the end of the next 15 years, how much is her account worth?
assuming the economy has gotten better andthat the funds now have a return of 7.72% compounded monthly. Diane salary has risen now she can contribute $1000 a month. At the end of the next 15 yrs, how much is her account worth.
Stuart’s car loan reached a maturity value of $14001.00 after 3 years. Find the rate on Stuart’s loan if the principal he borrowed was $12474.00 Use the formula to find the interest; then use to find the rate in decimal form. Leave your answer in percentage form rounded to...
Carrie is surfing the Virtual Campus (VC) one night after work. She finds the Academics, Library, Learning Center, and Virtual Commons portals but is unsure how to navigate them. Carrie sees over a dozen labs and wonders how to enroll for the English and Math labs. She also ...
Diane works at a public university. She contributes $625 at the end of each month to her retirement fund. For the past 10 years, this fund has returned 3.84% a year, compounded monthly. a. Assuming the 3.84% rate continues, how much will she have in her retirement account ...
Part IV: You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9% interest that ...