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July 24, 2016

Search: a loan of 7.260$ was repaid at the end of 8 months. What size a repayment check ( principal and interest) was written, if an 8% annual rate of interest was charged

Number of results: 53,890

math
Compute the rate for the following loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Do not enter the percent symbol in your answer. Principal Rate (%) Time Interest $5,000 % 3 years $1,200
September 18, 2014 by Anonymous

math
you have deposited 1000 dollars in your savings account with n annual interest rate of 4 percent compounded monthly. how much money are you going to have in your account after six months? [(1+ 0.04/12)]^6 x 1000 = ?? is the answer 1020.164? You got it. well theres another part...
September 17, 2006 by john

Math
Acton choose from two loans offersS: 12,000 at 8% simple interest for 9 months: or a 12,000 9 month discounted loan at 7% discount. Based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Acton choose?
December 8, 2012 by Queen

Math questions
1. Shawn Fitzgerald finds a suitable property and agrees upon a selling price of $137,900. The mortgage company requires a 20% down payment and Shawn chooses to finance the property for 30 years at 8%. What is the total amount of interest charged, rounded to the nearest whole ...
March 28, 2015 by Nadia

Business Math
Find the amount of the principal on a loan at 6% interest for 274 days if the interest was $68.50, using the ordinary interest method. (Round to the nearest whole dollar amount)
November 3, 2013 by JJ

economics
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate
February 1, 2012 by Anonymous

Math
1. Rishi ram obtained an installment loan for $3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments is $516.50. What is the APR? MY ANSWER=0.33% 2. Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 ...
March 22, 2015 by Kailey

real estate finance
The annual insurance premium on Maria Snyder's house is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest, taxes, and insurance (PITI).
April 19, 2013 by tmouery

math
The buying and selling commission schedule shown below is from a well-known online discount brokerage firm.? Taking into consideration the buying and selling commissions in the schedule find annual rate of interest earned by each investment? Transaction Size Commission Rate $0...
May 2, 2013 by b

accounting
Dan and Joan want to buy an airplane. They find one that will cost $200,000. They must pay 10% down, and can get the balance financed with a 10 year loan at 7% interest and annual payments. What is their annual payment? Answer $26,826 $25,626 $24,457 $19,260
March 16, 2013 by chris

Math
1. Rishi ram obtained an installment loan for $3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments is $516.50. What is the APR? MY ANSWER=0.33% 2. Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 ...
March 21, 2015 by N.

Algebra 1
A finance company offers cheaper interest rates if you borrow a larger sum of money for shorter time period. A borrower is offered $7000 at 12% or $10080 at 10%. If the tome for the lager loan is 6 months less but the total interest is the total interest is the same, find the ...
November 9, 2010 by Lola

math
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 amount he repaid.
June 24, 2014 by Jennifer

math
a loan for $2000 with a simple interest rate of 15% was made on September 29th and was due November 30th I have to find the ordinary interest rate and don't know how I know there are 62 days between those two dates with just two months and one day I don't know the rest
May 20, 2015 by a

Math
1.--Cody and Carolyn have a 20/7 balloon mortgage for $216,000 with a rate of 4.55%. How much will they pay in interest over the life of the loan? 2.--Sarah finances $549,000 with a 30/6 balloon mortgage at 5.35%. How much will she pay for principal and interest over the life ...
February 4, 2014 by Jamison

math
What percentage interest rate is a loan that charges one hundred dollars in simple annual interest over 5 years on a one thousand dollar balance?
August 1, 2012 by Anon

Finance
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?
August 22, 2012 by tisha

math
In December Corey took out a 1000-dollar loan with monthly interest rate 0.7 percent. In order to pay back the loan, Corey has been paying $87.17 a month since January. Explain why the sequence defined recursively x0=1000 and xn=1.007(xn-1) for positive n describes the balance...
November 8, 2011 by Danielle

math
A $1500 investments has an annual simple interest rate of 7%. Find the simple interest earned on the investment after 18 months.
May 23, 2012 by miss c

Math
Someone loaned me $20.00 in 1962 without quoting an interest rate. Using whatever the market interest rate was at that time, how much money would I owe in 2013 including principal and interest, straight and compounded.
December 22, 2013 by Bee

math - interest rates
Car loan: 5-yr annual-payment loan with interest rate of 6% per year. Annual payment = $5,000. You have just made a payment and decided to pay the loan off by repaying the outstanding balance. a) what is payoff amount if you have owned the car for one year (so there are 4 ...
February 5, 2014 by Nabil - please help

drbob222
Can you check this one for me i want to make sure. The simple interest I on a principal of P dollars at Interest rate r for time t, in years, is given by I=PrT.Find the simple interest on aprincipal of $6000 at 3% for 2years. I got the following: I= 6000 x 0.03 x 2 I= 360.00 ...
December 12, 2006 by jasmine20

Math
An investment of $3,000 is made at an annual simple interest of 5%. How much additional monery must be invested at an annual simple interest rate of 8% so that the total annual interest earned is 7.5 of te original amount that you invested?
March 30, 2016 by Anonymous

algebra
The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent. P=$130, A=171.60, T=4 years
February 4, 2011 by Anonymous

math
An investment of $3,000 is made at an annual simple interest of 5%. How much additional money must be invested at an annual simple interest rate of 8%, so that the total annual interest earned is 7.5 of the original amount that you invested? My answer: $279,375
March 31, 2016 by PleaseCheckMyAnswer

Math
Carl borroowed $2,500 for six months at an annual interest rate of 11%. How much must he repay at the end of six months? a. $275 b. $2,637.50 c. $87.50 d. $2,762.50 Please show all steps needed to get answer in simple terms.
May 13, 2015 by Caleb

Math
I posed a problem and no one helped me to see how to solve the problem. I don't want you to give me the answer, I want to know how to arrive at the correct answer. Again, Ms. Pecho currently owes $637.50 in simple interest on a loan of $25oo at an annual interest rate of 17%. ...
December 31, 2009 by Rose

Math
A student borrowed $19,000 at an annual interest rate of 6.4%. Calculate the amount of interest due 3 months after the student has begin making payments
December 9, 2014 by Bri

finance
You take out a 30- yr mortgage loan, purchase price is $120,000 put $20,000 down and finances the balance of $100,000 at fixed annual loan rate of 12%, what will be your monthly payment? How much total interest will you have paid at the end of 30 years?
May 4, 2012 by tj

Math Check My Work Please 2
15. Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years. a. How much interest will she pay after 3 years? b. How much interest will she pay in total for the loan? $2,835.00; $6,615.00 $8,280.00; $9,720.00* $13,598.00; $19,194.00 $28,350.00;...
March 13, 2015 by SmartyPants

Math
- Anurag is buying a house for $100,000 and needs a mortgage loan. Bank A wants him to repay the loan in 240 months with monthly payment of $600.72. Bank B wants him to repay the loan in 360 months with a monthly payment of 389.94. Which bank should he choose? Explain. - Kwane...
May 17, 2016 by Lil

Maths
Find the total amount required to pay off a loan of 16000 plus interest at the end of 8 years if the interest is compounded half-yearly and the rate is 14% p.a.
June 18, 2013 by Shane

math
Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If she borrows $15,000, how much interest would she pay for each loan? Which option requires less interest?
September 8, 2014 by Ali

Math
What is the principle and the interest? A=$2719.50 P= ? r=6.1% t=20 years What is the interest rate? Balance= $3742.50 p=$3000 interest rate= ? t=45 months
March 5, 2013 by Betsy

math
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest. A. how much does she have in her account at the end of 3 years? B. at what annual simple interest rate did the account grow? c. how many more dollars would she have ...
October 16, 2015 by valentina

Business Math
What is needed to repay the loan at the of month of an 18 month installment loan for $1700 at 12% annual interest? Interest is computed using the Rule of 78.
December 14, 2015 by Kalen

math
An investment of $2500 is made at an annual interest rate of 5.5% .How much additional money must be invested at an annual simple interest rate of 8% so that the total interest earned is 7% of the total investment?
September 3, 2012 by Marcela Minoza

MATH
Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow ...
August 12, 2012 by TRAY

annual interest
you invested 12000 in two accounts paying 5% and 7% annual interest. If the totak interest earned for the year was 760 how much was invested at each rate?
October 28, 2012 by Anonymous

Finance
Please could you help me solve this Suppose you have $100 in an interest bearing account earning 10% interest. How much would you have after the first year under the following scenarios? . annual compounding (every 12 months)- semi-annual compounding (every 6 months quarterly ...
October 7, 2015 by Sammy

Math: Compounded Interest
A principal of $200 is invested at 5% interest rate annually. Determine the future value in 3 months' time if compounded: (a) Semi-annually (b) Quarterly
June 25, 2015 by Aurora

Math
Rosa invested $8000 for one year, part ast 8% annual interest and the balance at 10% annual interest. Her total interest for the year was $700. How much money did she invest at each rate?
October 22, 2009 by cole

math
Rosa invested $8000 for one year, part ast 8% annual interest and the balance at 10% annual interest. Her total interest for the year was $700. How much money did she invest at each rate?
September 18, 2015 by veerta

Math
I need to find the equation for the following (compound interest): number of years: 12 initial principal: 10000 annual interest rate: 0.03 additional investment each subsequent quarter: 500 The value in 12 years is 43074.4088874
September 30, 2010 by Trevor

Finance
Five years ago, you bought a house for $151,000. You had a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was $5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. ...
November 12, 2011 by Taccara

math
Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method to find the amount of principal borrowed. Round to the nearest whole dollar amount
June 19, 2014 by Anonymous

finance
equipment cost $20,000 and is financed over a period of five years at an interest rate of 12%...What is the monthly payment...What is the loan balance at the end of four years and how much interest will have been paid on the loan after five years?
December 1, 2010 by Loretta

Survey of mathematics
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...
June 20, 2014 by Jennifer

Urgent! Help please!
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...
June 20, 2014 by Jennifer

Survey of Mathematics
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...
June 22, 2014 by Jennifer

math
. Cimarron Homes Inc. purchased a snow plow for $57,000 and financed the full amount for 5 years at an annual simple interest rate of 9%. a. Find the interest due on the loan. b. Find the monthly payment
November 7, 2013 by danielle

Math
Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
April 4, 2012 by Bill

Math
Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
April 1, 2013 by Sanya

math
Suppose that you took out a loan at 7% interest for 192 days. If the amount of interest was $149.33, use the ordinary interest method to find the amount of principal you borrowed. Round to the nearest whole dollar amount. $
March 20, 2014 by tota

Algebra (HELP)
To buy both a new car and a new house, Tina sought two loans totalling $78,825. The simple interest rate on the first loan was 0.2%, while the simple interest rate on the second loan was 5.0%. At the end of the first year, Tina paid a combined interest payment of $2817.23. ...
October 11, 2010 by JerryJ

Math
Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2 years and the amount of interest was $1,320, how much did Katie borrow?
June 19, 2013 by Tee

math
Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2 years and the amount of interest was $1,320, how much did Katie borrow?
June 22, 2013 by Beth

college math
a math student borrowed $9300.00 from his local bank at 7% compounded quarterly to pay for his studies. the loan is to be repaid by equal payments at the end of every quarter over a two year term. a)construct the amortization schedule for the loan. b)calculate the total interest.
October 31, 2012 by sasha

math115
Ms. Jefferson has been given a loan of $20,000 for 1 year. If the interest charged is $800, what is the interest rate on the loan?4% 2.A saleswoman is working on a 6% commission basis. If she wants to make $2,400 in one month, how much must she sell?$40,000 3.If $7,800 is ...
October 3, 2009 by callie

Math Finance please help
Five years ago, you bought a house for $151,000. You had a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was $5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. ...
November 14, 2011 by Taccara

math
How much will Pauline pay in interest if she takes out a simple interest loan with a principal of $3,900 at 7.2% for three years?
October 1, 2013 by lauren

math
Loan amount = $9,500 Monthly payments = $227.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth) =
May 2, 2014 by wilton

wilton
Loan amount = $10,000 Monthly payments = $258.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth) =
May 2, 2014 by wilton

math
Loan amount = $10,000 Monthly payments = $258.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth) =
May 5, 2014 by wilton

math
Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
September 2, 2008 by Peggie

Math
Ms Jordan has been given a loan of 2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
October 23, 2008 by Mary

uop
ms jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
October 29, 2008 by lisa jones

math
Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
December 9, 2008 by jane

Finance
What is the nominal annual financing cost of a 9-month, $200,000 discounted bank loan at a stated annual interest rate of 10%
December 9, 2009 by Myrtis Edwards

Math
Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan? 9.09 is this right?
April 4, 2008 by Ms. Teri

Math
marisol owed $384 in interest after a 24 month loan with a simple interest rate of 8.09%. What was the initial amount of the loan?
February 24, 2016 by Alexa

Algebra 2 & trig
joanna invested $7500, part at a 5.5% and the remainder at a 6% annual rate of interest. if she collected a total of 435 in interest at the end of one year, how much money was invested at each rate?
October 28, 2014 by Emily

math
find the compound ammount $1000 at 6% compounded annually for 8 years Use A=P*(1+i)^n where P=1000, i=.06 and n=8 P is the Principal, i is the annual interest rate expressed as a decimal,and n in the number of periods in the compounding period. BTW, are you the one who asked ...
September 19, 2006 by john

Math
Leroy borrowed $8250 to be repaid after 3 years at an annual simple interest rate of 7.25%. How much interest will be due after 3 years? How much will Leroy have to repay? How do I set this up?
January 28, 2013 by Juliana

Math
Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?
October 22, 2008 by Gertrude Sanders

Math
Find the effective rate of interest (APR) for a loan with a loan amount of $6,300, a time of 270 days, and interest of $685.13. a. 14.5% b. 6.5% c. 9.3% d. 12.3%
April 21, 2015 by Matt

math
find the interest for the loan principal rate time $1,800 6 1/2% 3 3/4 years
August 30, 2011 by Anonymous

Algebra
Joanie takes a $6000 loan to pay for her car. The interest rate on the loan is 12%. She makes no payments for 4 years, but has to pay back all the money she owes at the end of 4 years. How much more money will she owe if the interest compounds quarterly than if the interest ...
April 1, 2009 by Cassie

Applied College Msthematics
jennifer stemberg borrowed money to buy a car at 13.5% simple interest from her credit union. If the loan was repaid in 2 years and the amount of interest was $ 2,700, how much did jennifer borrow?
January 4, 2012 by Ari

algebra 2
The amount of money in an account with continuously compounded interest is given by the formula A=Pe^rt , where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest hundredth of a year how long it takes for an amount of money ...
May 27, 2011 by David

algebra
The amount of money in an account with continuously compounded interest is given by the formula A=Pe^rt , where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest hundredth of a year how long it takes for an amount of money ...
May 27, 2011 by david

MATH
Consider following situation.. You are going to buy this laptop at $1294.00 plus HST. You can also pay $50 a month for 30 months with down payment of $100. Compare following 3 scenarios using spreadsheets to calcuate how much you will pay. 1st Scenario: Pay Cash 2nd Scenario: ...
April 6, 2011 by Anonymous

math
can you please check my answers? 12, 20, and 35 LCM =420 1/3+5/12+4+5=60 LCD 13/15-11/20=19/60 What is the combined price for a 1/2-in. sheet and a 5/8-in. sheet? 1/2PRICE $17.88 5/8 PRICE$19.13 =37.01 1 1/15+3 3/10-2 4/5=1 17/30 5 1/3+2 1/4+3 1/2=11 1/12 The interest rate on ...
September 11, 2009 by p

Math
For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years earned interest of $1260, then how much interest would be earned in 7 years?
August 7, 2015 by Larry

social studies
1)An interest rate is a special type of? a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a simple interest rate? a. Compound interest rates pay more interest over time b. Compound interest rates are calculated only once a year c. Compound ...
January 7, 2015 by Leah

Math
The formula for simple interest is where I is the amount you will pay in interest, r is the rate at which interest will accrue, P is the principal (amount borrowed), and m is the number of times the interest is applied. To solve for the interest rate of your credit card, you ...
February 18, 2014 by Dan

Social Studies
I was wondering if I could check my answers with someone. I'm a bit confused with interest. I put stars next to the answers I chose. Thank you. An interest rate is a special type of (1 point) loan. **price. bank. service. 2. How does a compound interest rate differ from a ...
November 14, 2012 by Greg

math
An individual has purchased Rs.275,000 worth of Savings Certificate. The Certificate expires in 25 years and a simple interest rate is computed quarterly at a rate of 3 percent per quarter. Interest cheques are mailed to Certificate holders every 3 months. The interest the ...
November 9, 2015 by Haroon Gondal

Maths
principal = 3000 rate =35/4 time = 1year 2 months interest =
February 14, 2016 by Jash

Math (Word Problem)
Imagine that you have just taken out a loan for one year for $4,500. What would be the simple interest on this loan if the annual percentage rate were 6.5%?
April 19, 2009 by Melanie

math
how do you calculate the simple interest on a loan of $18,500 at 11% INTEREST FOR 18 MONTHS?
November 16, 2009 by Lou

economic
The owner of a manufacturing plant borrows $170,000 to buy new robotic equipment for the plant. The loan is to be repaid over 17 years in equal quarterly payments at 4% annual interest with no payments for the first year (interest does accrue the first year). How much will the...
February 7, 2016 by aryona

math
TJ had a car loan for $5800. Over the course of the loan, he paid a total of $1508 in interest at a rate of 6.5%. Over how many months did TJ pay off the car loan?
January 22, 2015 by Dana

math
An account earns annual simple interest. Find the balance of the account. $250 at 4% for 1 year = $260 $2000 at 9% for 6 months = $?
May 25, 2016 by Caroline

math
An investor purchases 75 shares at 37.90 a share, holds the stock for 150 days, and then sells the stock for 41.20 a share. Find the annual interest rate earned. principal under 3000 3000-10,000 over 10,000 commission 32+1.8% of principal 56+1% of principal 106+0.5% of principal
March 1, 2013 by Tiffany

Finance
Heinz Corporation bonds carry a coupon of 8% and will mature in 5 years at $1,000. Newly issued 5-year bonds with similar characteristics are yielding 4%. Calculate today's market price of the Heinz bond. Compute your answer, submit all your work, then answer the following ...
October 23, 2012 by Jazmine

Finance
Heinz Corporation bonds carry a coupon of 8% and will mature in 5 years at $1,000. Newly issued 5-year bonds with similar characteristics are yielding 4%. Calculate today's market price of the Heinz bond. Compute your answer, submit all your work, then answer the following ...
December 14, 2012 by dj

Math
What is the simple interest on a loan of $18,500 at 11% interest for 18 months?
June 2, 2009 by Laurie

Math
Choose the one alternative that best completes the statement or answers the question. Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent. Martin takes out a simple-interest loan at 7.5 %. After 6 months, the ...
August 19, 2010 by Alex

math
You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?
May 27, 2013 by maddie

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