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October 31, 2014

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: 28,168

Algebra Help
1. You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. a) What ...
September 4, 2008 by Mark

math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years No one has answered ...
January 19, 2012 by Annie

Business Finance
George Wilkins checked the spreadsheet where he keeps track of his assets and liabilities. He discovered that (i) he owes $80,000 on his house, which he believes to be worth $150,000; (ii) his car is worth $20,000, against which there is $2,000 on the remaining bank loan; (iii...
February 11, 2011 by LaShun

Finance
Determine the amount of each payment to be made to a sinking fund in order that enough money will be available to pay off the following loan. $29,000 loan, money earns 12% compounded annually, 42 months. I tired doing this using the future value of an ordinary annuity formula...
February 18, 2010 by Ben

Business law
Information which comes to the knowledge of an agent is: a) required to be communicated to the principal in all circumstances. b)is imputed to the principal. c) can be disclosed to the principal only with the third party's consent. d) will result in termination of the agency ...
April 10, 2007 by Sue

Math please check answer
1. =SUM(A14,A8) 2. =C8+ 15 3. PMT function {PMT(D4D12,E4,-C4)} What will each of the above formulas do please see if I have the correct answer using excel or another spreadsheet document. 1. Is the sum between the two blocks listed the more blocks the more #'s to the equation...
June 4, 2008 by Shila

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 %
I loaned Johnnie $5000.00 to be repaid $250.00 monthly loan past due nothing was every paid / interest rate is 10% what does johnnie owe me loaned year 2010 now it is Oct 2012?
October 24, 2012 by treasure roy

Algerbra1
1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. a.What ...
November 16, 2011 by Connie

Math
A loan of $ 100 at 6% is made for 3 years, compounded annually. What is the total loan value at the end of 3 years? (a)$ 119.10 (b)$ 401.76 (c)$ 448.00 (d) $ 501.76 (e)$ 510.76 I need help with this question not asking for the answer.
November 2, 2011 by Anonymous

MATH
Please someone get back to me! I really don't know how to do this, need as soon as possible. Please help! A rabbit population satisfies the logistic equation dy dt = 2x(10to the exponent 6)y(10to the exponent6)- y; where t is the time measured in months. The population is ...
May 27, 2012 by Lilly

hs math
what is the break up of principal and interest in a payment of 249.73 at 3.599 with a term of 72 months?
July 29, 2013 by jim

Math
Please check my answer thanks :) When repaing an installment loan of $3,500 with 20 equal monthly payments of $196 each , the apr of the loan is my answer is 13.5 %
November 14, 2007 by Anonymous

Math
John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years. What is the principal amount paid on the 1st payment?
November 28, 2011 by Anonymous

math
you borrow $1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay back the loan. how much interest do you pay on the loan? what is the total amount that you pay the bank.
December 6, 2012 by jordan

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

algebra
a small business loan in the amount of 50,000 need to interest rate of 9% that compounds monthly for 7 years. What is the payment for 7 years, need formula for this. And what is the balance of the loan at the end of the 1st year? Show the formula used for each variable and the...
November 12, 2012 by Becky

MATH
A customer has a balance of $1,350. Interest is paid at the end of 12 months. Assuming the balance remains at $1,350 for all 12 months, how much interest will be earned after 12 months if the interest rate on the account is 5.5%?
March 17, 2012 by RUBY

algbera
Can you tell if the problem i made up is a good two step equation problem. Steven wants to pay of a car loan the total amount is $500 dollars.He has five months to pay it of.How much does he have to pay per money to pay of the loan .Write a equation and solve it.
October 10, 2009 by alyssa

Finance
A guy borrows $5000 and wants to repay it $190 per month starting at the end of this month. If the loan terms are 6% APR with monthly compounding, how many payments will he need to make to pay off the loan?
June 10, 2012 by Damari

Math
John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years. What is the Remaining Principal Balance after the 9tht payment?
November 28, 2011 by Anonymous

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

statistics
A used car dealership has found that the length of time before a major repair is required on the cars it sells is normally distributed with a mean of 10 months and a standard deviation of 3 months. If the dealer wants only 5 percent of the cars to fail before the end of the ...
April 19, 2010 by victoria

MIPS Assembly programming
Hi there, I need to implement in assembly mips an iterative binary search method. Here's my code: # this program implements binary search # the equivalent pseudo code is the following: # first = 0 # last = size -1 # while (last - first > 1) { # mid = (last-first)/2 + first...
January 7, 2012 by Daniel

math
The principal of Valley Elementary School wants to divide each of the three fourth-grade classes into small same-size groups with at least 2 students in each. If the classes have 18, 24, and 36 students, respectively, what size groups are possible?
December 20, 2012 by zac

algebra
1. You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. a. What ...
March 16, 2010 by sally

- Math
John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years. What is the principal amount paid on the 6th thru 9th payments?
November 28, 2011 by Anonymous

Math problem
1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. a.What ...
November 20, 2011 by Avery

math
A flower shop owner wants to pay off the loan on a used delivery van that was purchased 11 months ago. The 2-year installment plan used to purchase the van included a $280 finance charge and called for payments of $230 monthly. What amount is needed to pay off the loan?
May 6, 2012 by Anonymous

Finance
You just borrowed $15,000 from a bank. If you pay $4,000 at the end of each year over the next 5 years, you will pay off the loan. What is the interest rate on the loan?
June 11, 2012 by Brian

confederation
William owes $9,000.00 to a friend who is charging him interest of 1.60% p.m. he is required to settle the amount with 2 equal payments, one today and the other in 2 months. Calculate the size of the payments using 2 months as the focal date. Round your answer to 2 decimal ...
October 23, 2014 by manu

math
William owes $9,000.00 to a friend who is charging him interest of 1.60% p.m. he is required to settle the amount with 2 equal payments, one today and the other in 2 months. Calculate the size of the payments using 2 months as the focal date. Round your answer to 2 decimal ...
October 23, 2014 by manu

Finance
In an amortized loan, the principal portion: increases with every payment and is zero with the last payment. increases with every payment and completely repays the loan with the last payment. increases with every payment but at a decreasing rate. does not change with every ...
July 7, 2013 by Neisha

Principle of Accounting
t is stand accounting procedures, or GAAP, to make an adjusting entry to remove the current year�s principle from the long-term liabilities. This entry reduces the long-term liabilities and increases the current liabilities. You are the bookkeeper for Biker�s ...
March 29, 2010 by Tammy

Math
The cost of a new car is $16,000, which can be financed by paying $3000 down $300 per month for 60 months. Use the actuarial method to find the unpaid interest. Instead of making the thirty-sixth payment, the borrower decides to pay the remaining balance and terminate the loan...
December 2, 2009 by anthony

algebra
$306 was paid for 6 months on a simple interest loan at 8%. What is the principle?
March 11, 2011 by kaven

Algebra HELP
1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. a)What ...
May 22, 2008 by Anonymous

Business Math
Joanne Flynn bought a new boat for $16,200. She put a $2,800 down payment on it. The bank’s loan was for 50 months. Finance charges totaled $5,380.00. Assume Joanne decided to pay off the loan at the end of the 22th month. (Rule of 78) What rebate would she be entitled to and ...
June 17, 2012 by Riquetta Elliott

Business Math
Joanne Flynn bought a new boat for $16,200. She put a $2,800 down payment on it. The bank’s loan was for 50 months. Finance charges totaled $5,380.00. Assume Joanne decided to pay off the loan at the end of the 22th month. (Rule of 78) What rebate would she be entitled to and ...
June 18, 2012 by Riquetta Elliott

Economics
I got a lot of problems with this exercise. I really hope you can help me. Thanks! Samantha Roberts has a job as a pharmacist earning $30.000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40.000 per year or to purchase a ...
March 16, 2009 by Muusen

7th grade math Ms.Sue please check my answers
1. Mac’s farm has a total of 18 horses and 27 cows. What is the ratio of horses to cows in simplest form? (1 point) 6 over 9 18 over 27 2 over 3 three over two 2. A class has 27 students. Fifteen are boys and the rest are girls. What is the ratio of girls to total students? (1...
October 25, 2012 by Delilah

math problem
please help me solve You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 ...
November 21, 2011 by Lavern

math
1. You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. The first ...
September 26, 2009 by Anonymous

business mathematics
find the total amount due on a loan of N80,000.00 at 18percent simple interest at the end of 4months. (2)question is find the total amount due on a loan of N600,000.00 at 12percent simple interest at the end of 3years. Pls i need answer
February 25, 2013 by dennis

math
Paul borrowed $2,000 for four months at an annual interest rate of 10.25%. How much must he repay at the end of four months?
February 1, 2010 by sabina

algebra
You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. What integer ...
February 7, 2011 by kathy

Math
What is the simple interest on a loan with a principal of $6,000, an interest rate of 7.39%, and a term of four years?
December 11, 2012 by Sarah

math
If I had borrowed 1500 for six months at 8.5% annual simple interest. How much I will have to repay at the end of six months period
January 30, 2014 by seravyan

buying a home
If you make an extra $50.00 principal payment per month, what are the opportunity cost considerations? I am looking into a prepayment vereses investment loan
November 18, 2007 by jean

algebra
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.
December 15, 2009 by kara

math
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.
December 19, 2009 by kara

math
Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.
June 9, 2011 by CC

MATH
I am stuck in this question. "amortization payments" What amortization payments would be required every 6 months, at 14% interest, to off a $35,000 loan within 4 yrs. Since u are good at explaining, please do so. What is the periodic payment required to retire a debt of P ...
August 31, 2006 by Haydee

Statistics
The mean graduation time is 5 years with a standard deviation of 6 months for the Monte Carlo College, in which the graduation time is related to the grade of the students. The class size is normally 40. Calculate how many students may graduate by the end of the fourth year. ...
October 12, 2011 by Diana

math
Five years ago, you bought a house for $151,000, with a downpayment of $30,000 which meant you took out a $121,000 loan. 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 ...
May 18, 2012 by TAMMY

Algebra: is this right?
the amount of money remaining to be paid on a loan, y, is a function of the number of months, x. Suppose that monthly payments of $225 are to be made on an original loan amount of $3,000. Write an expression in terms of x that gives the amount of money remaining to be paid. $3...
June 1, 2010 by bart

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

Mathematics
Jake's car needs repairs but he is short of cash. A payday loan company charges a fee of 46 for a two week loan of 250. This is equivalent to a discounted loan with proceeds of 250 and a loan amount of 296. What is the per annum interest rate?
November 12, 2008 by Maddie

math
find total amount due on loan,round to nearest cent.$600 = principal Rate=2% time in Years=2 show steps to solve and answer
December 5, 2012 by Anonymous

economics
An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer, earning $55,600 in interest income when the RP loan rate stood at 5.70 percent. What was the size of the loan that NISSAN...
October 29, 2010 by Therese

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

English
Here are some more sentences I'd like you to check. Thank you very much. 1) He can take a pound of flesh from Antonio on the condition (No: on the condition) that he doesn't shed a single drop of Antonio's blood. 2)News is brought that all of Antonio's ships have sunk (into ...
October 9, 2010 by Franco

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
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 someone help me with this You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full ...
June 29, 2008 by Missy

finance
A Canadian exporter, Victoria Exports, will be receiving six payments of €10,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and US dollars, it can choose which currency to change the euros to at the end of the ...
May 5, 2011 by Sara

financial management
. Adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is: $_________.
December 18, 2012 by Anonymous

MATH
CALCULATE $310 LOAN AT THE RATE OF 12% PER YEAR. HOW MUCH INTEREST IS OWED FOR 4 MONTHS
October 31, 2012 by booker

statistics
Use the Standard Normal Distribution table to find the indicated area under the standard normal curve. Q1: Between z = 0 and z = 2.24 A1: 0 = 0.5000 2.24 = 0.9875 0.9875 – 0.5000 = 0.4875 Q2:To the left of z = 1.09 A2: 0.8621 Q3: Between z = -1.15 and z = -0.56 A3: -1.15 = 0....
March 27, 2010 by looking for someone to varify my work please

math
Mr. Jones got a loan for a sum of money, and at the time of repayment he owned $75.00 in interest. Mr. Brown borrowed three times the amount of money Mr. Jones had borrowed at the same rate of interest for twice as long a time. How much interest does Mr. Brown pay?
July 18, 2014 by Wing Lam

math
if a loan is given for 2,500 for 1 year and the interest charged is 275 dollars what is the interest rate on the loan? how do I go about solving this do I subtract the 275 from 2500. Interest=Principal*Rate*Time 275=2500(rate)(1) rate=275/2500 =.11 so the "simple" interest ...
March 21, 2007 by patti help

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

math
Vicki is contemplating consolidating her federal student loans with Loan Consolidation Experts Inc. She currently pays five separate federal loans totaling $30,000 in principal at 4.5% simple interest for 20 years. Loan Consolidation Experts Inc. is offering to consolidate her...
February 25, 2013 by kelly

math
Vicki is contemplating consolidating her federal student loans with Loan Consolidation Experts Inc. She currently pays five separate federal loans totaling $30,000 in principal at 4.5% simple interest for 20 years. Loan Consolidation Experts Inc. is offering to consolidate ...
February 25, 2013 by kelly

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
When Teresa opened her law office, she bought 14000 worth of books and 7200 dollars worth of office furniture. She paid $1200 down and agreed to amortize the balance with semiannual payments for 5 years at 12% compounded semiannually. Find the ammount of each payment. After 30...
December 13, 2011 by Kristen Morris

math
Jill ley took out a loan to pay for education for $60,000. would be repay back in 8 years with the interest of 6% what will be jill pay back at the end of the loan is:
September 22, 2011 by carol

real estate financing
If the interest rate on a $250,500 loan is 6˝ percent for a term of 30 years, what is the principal and interest (PI) payment for the first month?
September 24, 2012 by kathey

algebra
my scenario, to start a small business you will need a loan of $50.000 to purchase the restaurant. The bank interest rate 9% that compounds monthly for 7 years. What is the monthly payment for this loan, what is the fomula that you will use and the values for each variable to ...
November 12, 2012 by Becky

Physics (CHECK)
One student is pushing on a chair with a force of 260.6 N directed at an angle of 30 degrees above horizontal while a second student pushes on the same side of the chair with a force of 21.0 N at an angle of 15 degrees below horizontal. What is the magnitude, in N, of the sum ...
October 1, 2009 by tracy

Statistics
. A certain company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a battery is normally distributed, with a mean of 45 months and a standard deviation of 7 months. If the company does not want to make refunds for ...
June 20, 2010 by Jacob

math
The owner of a service station receives a loan of $8,500 at 10.5% for 7 months. Find the amount of simple interest
September 20, 2013 by d

Finance
On January 1, 2011 you bought a two-year U.S. government bond with a principal (face value) of $1000 and a coupon rate of 6% with coupons paid on December 31, 2011 and December 31, 2012. The principal will be repaid on December 31, 2012. The Consumer Price Index (CPI) was 120 ...
September 12, 2012 by Jerry

eco
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. $400. B. $1,600. C. $160. D. $85. 10. Suppose a loan customer is considering two alternative $22,000 loans. Loan 1 requires payment of $1,100 of interest ...
May 26, 2011 by matt

Math
please help me I am not really sure about this please check answer thanks :) Mary has decided to purchase furniture. She has 2 choices she can pay the full amount of $4,200.The other choice is to finance the furniture for two years with an installment loan. The loan requires a...
November 19, 2007 by Anonymous

Langusage Arts
My 4th grades needs HELP with (Show the possession of the subject.)the car of the principals The principal's car principal's shows that the car belongs to the principal.
January 30, 2007 by J.R.G.

Math
Kelly borrows $5,200 on 4% interest rate for 6 months. What will that total principal+interest payment be?
April 21, 2014 by INeedHelp

Math 104
Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. •...
November 12, 2011 by Debra

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.
June 23, 2013 by Krystle

college
It is stand accounting procedures, or GAAP, to make an adjusting entry to remove the current year’s principle from the long-term liabilities. This entry reduces the long-term liabilities and increases the current liabilities. You are the bookkeeper for Biker’s Business. Biker’...
September 25, 2010 by carrie

Math
Stillwater hospital is borrowing $1,000,000 for its medical office building. The annual interest rate is 5 percent. What will be the equal annual payments on the loan if the length of the loan is four years and payments occurs at the end of each year?
August 3, 2013 by April

math alegebra
to determine the size pf a parks moose population, caturalists catch 72 moose, tag them, and then set them free. months later 65 moose are caught, of which 15 have tags. Estimate the size of the moose population.
October 7, 2013 by Ernie

math Too Hard!
to determine the size pf a parks moose population, caturalists catch 72 moose, tag them, and then set them free. months later 65 moose are caught, of which 15 have tags. Estimate the size of the moose population.
October 7, 2013 by Ernie

Statistics
the manufacturer of a certain brand of auto batteries claims the mean life of these batteries is 45 months. A consumer protection agency that wants to check this claim took a random sample of 36 such batteries and found the mean life for this sample is 43.75 months with a ...
July 24, 2011 by Anonymous

Accounting
Bank granted a 10000$ nine months loan at 6% per year. How do we make Tat in journal entry.
November 5, 2010 by Thara

math word problem
to determine the size pf a parks moose population, caturalists catch 72 moose, tag them, and then set them free. months later 65 moose are caught, of which 15 have tags. Estimate the size of the moose population.
October 7, 2013 by Ernie

math
don't know where to start or end! charges $20 for a phone and $30/month for its economy plan. The equation C =30t + 20 describes the total cost, C of operating a media service phone for t months. The total cost for 10 months of service is $_______.? If a customer has only 80 ...
September 27, 2010 by jean

English
Can you please tell me if the following sentences are correct? They all refer to Shakespeare's The Merchant of Venice. Thank you. 1) The man who marries Portia will be the one who chooses the correct casket. 2) Shylock is notorious for charging very high interest rates. 3) He ...
September 6, 2010 by Franco

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