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July 1, 2015

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: 48,446

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

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

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
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

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
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

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

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: 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
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

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

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
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

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

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

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

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
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
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
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

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

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

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

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
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 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
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

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

Seneca
Henrietta went to a bank and obtained a personal loan with an interest rate of 3.18% compounded monthly. if the effective interest rate on the loan were to decrease by 1%, calculate the new nominal rate compounded monthly?
November 29, 2012 by Madeleine

math
Suppose you borrow $4200 at an annual simple interest rate of 10.5% for a term of 18 months. How much simple interest will you owe? What is the total amount you will have to repay (maturity value)? i am not good at this one working on my problem
July 6, 2012 by tammy

algebra
An investment of $4600 is made at an annual simple interest rate of 6.8%. How much additional money must be invested at an annual simple interest rate of 9% so that the total interest earned is 8% of the total investment?
September 15, 2014 by tor

business finance
You want to buy a small house that costs RM100,000. You have RM10,000 for a down payment and repaid in equal installments at the end of each of the next 3 years. The interest rate is 7 percent compounded annually. a. Calculate how much you need to pay for each year. b. Set up ...
December 5, 2014 by Anonymous

algebra
A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate? i know this is 1.5 % or at least I think it is but how do i write it out? Use the equation I=Prt, where I=interest earned, P=...
May 30, 2007 by confused

Math
Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual simple interest rate for his certificate of deposit.
January 22, 2015 by Dana

math
Model this situation w/ a linear system: Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at an annual interest rate of 2.4 % and the rest of the money at an annual rate of 4.5 %. Her total annual interest payment is $ 250.50
June 11, 2013 by trixie

algebra
Ok my math assignments look something ike this... The formula I=prt gives the amouunt of simple interest I earned by principal p at an annual interest rate r over t years. Solve this formula for p. B. Find p if r=0.035, t=4, and I=$420. c. Writing.. That does the value p mean ...
October 28, 2008 by K8T

math
What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.)
March 13, 2012 by Anonymous

math
step by step on how to calculate the annual payment on a loan with a million dollar loan, the interest rate is 6.5% for 10 years.
September 13, 2012 by melony

math
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 16, 2011 by Vanessa

math
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 16, 2011 by Vanessa

Finance
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 17, 2011 by Vanessa

Finance
You receive $12,000 and looking for a bank to deposit the funds. Bank A offers an account with an annual interest rate of 3% compounded semiannually. Bank B offers an account with 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at ...
December 17, 2011 by Vanessa

Math interest rate
Please explian how to figure out the the initial interest rate of the ARM ? Given th these facts thanks :) Ben bought a home with an adjustable-rate mortgage. The margin on the loan is 2.7% and the rate cap is 7.2% The current index rate is 4.3%
November 14, 2007 by Anonymous

history
Heather bought a ten-year maturity corporate bond when it was issued for $1,000. The bond has an annual interest rate of seven percent and pays interest semi-annually. How much does she receive every six months?
November 4, 2010 by Ed

Finance
The average cost for a vacation is $1,050. If a family borrows money for the vacation at an interest rate of 11.9% for 6 months,what is the total cost of the vacation including the interest on the loan?
March 22, 2011 by nessa

math help please
Sue Stitch buys a sewing machine. The price, including tax, is $575.00. She finances the sewing machine over 24 months after making a $25 down payment. The true annual interest rate is 15%. What are Sue's monthly payments (principal plus interest)? To the nearest penny, c...
June 17, 2015 by Anonymous

finance help
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 22, 2009 by Tiff

finance
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 23, 2009 by tiff

Finance
You have decided to buy a car that costs $34,100. The dealer offers you a 5-year loan with monthly payments of $695 per month. What is the annual nominal interest rate on the loan?
October 25, 2009 by London

Math
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? a. $2,835.00; $6,615.00 b. $8,280.00; $9,720.00 c. $13,598.00; $19,194.00*** d. $28,350.00; $66,150.00
April 6, 2015 by Anonymous

math
Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method?
June 23, 2013 by amy

Management Accounting
Victoria Kite Company, a small Melbourne firm that sells kites on the Web wants a master budget for the next three months, beginning January 1, 2005. It desires an ending minimum cash balance of $5,000 each month. Sales are forecasted at an average wholesale selling price of $...
September 18, 2006 by Robin

Math Pre Algebra
Find the simple interest. $900 deposited at an interest rate of 3% for 5 years. $1,348 deposited at an interest rate of 2.5% for 18 months.
April 14, 2009 by Tanisha

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
Nico was stunned when he opened the mail. Here was a check for $322.50! This was the interest he earned on his investment. One year ago Nico had been given $5,000. His parents made him put it in the bank and save it for college, but they said he could keep the interest it ...
April 16, 2012 by Erica

business math
. Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
September 7, 2014 by tanisha

Finance
Danny Joe borrows $10,500 from the bank at 11 percent annually compounded interest to be repaid in six equal annual installments. The interest paid in the first year is: $_________. (Please calculate the arithmetic solution and show your work)
December 30, 2011 by Vaness

math
1. Calculate the interest charge on a $5,000 balance with your current 16.5% annual interest rate. 2. Calculate the interest charge on a $5,000 balance with the Visa Student Card’s annual interest rate of 10.8%.
May 7, 2013 by Mary

Simple interest
Find the simple interest earned to the nearest cent for each principal interest rate, and time $500,4%, 2 years
March 24, 2015 by Remi

mathematics
The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments: $39,644.05 Total Interest paid: $14,644.95 On average...
January 26, 2010 by Ashlie

Math
Asher cashed in a one-year term deposit after only five months had elapsed. In order to do so, he accepted an interest rate penalty—a reduction from the scheduled 5.5% rate of simple interest. If he was paid $145.83 interest on the $10,000 term deposit, what reduction was made...
May 5, 2014 by Anonymous

algebra
Abbi invested $1,200 in a certificate of deposit with a simple interest rate of 2%. Find the interest earned in 9 years. Then find the total of principal plus interest.
May 27, 2011 by breanna

Algebra
Abbi invested $1,500 in a certificate of deposit with a simple interest rate of 4%. Find the interest earned in 6 years. Then find the total of principal plus interest.
March 2, 2015 by Yaz

financial
Determine the amount of money in a saving account at the end of five years, given an initial deposit of $5,000 and a 12 percent annual interest rate when interest is compunded a) annually b) semiannually c) quarterly
November 2, 2009 by Anonymous

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