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January 31, 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: 35,370

business math
Andres Michael bought a new boat. He took out a loan for $23,980 at 3.75% interest for 4 years. He made a $4,470 partial payment at 4 months and another partial payment of $3,180 at 9 months. How much is due at maturity?
October 10, 2014 by sara

Business Math
Andres Michael bought a new boat. He took out a loan for $23,980 at 3.75% interest for 4 years. He made a $4,470 partial payment at 4 months and another partial payment of $3,180 at 9 months. How much is due at maturity?
October 10, 2014 by sara

algebra
don williams invested some money st 9% simple interest. At the end of the year, the total amount of his original principal and the interest was $6.540. How much did he originally invest
November 22, 2010 by nora

Amortization of Loans
A car is purchased for $9,192.57 with $1470 down and a loan to be repaid at $200 a month for 2 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be?
May 5, 2012 by Amanda

mathmatics
on the first day of march, a bank loans a man £2500 at a fixed rate of intrest of 1.5percent per month. this intrest is added on the last day of the month and is calculated on the amount due the first day of the next month.the man agrees to make repayments on the first day of ...
December 6, 2009 by recurrence relation question

- 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
Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective interest rate of 7% ?
September 15, 2011 by Nieda

Business Math
Ignacio obtains a loan of $9,500, at 8.75% interest, for months. Find the amount of simple interest. (Round to the nearest cent) $598.78 $658.07 $701.36 $825.55 The answer I got was $658.07, is that right?
July 6, 2013 by Tee

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

Word problem
suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.
July 27, 2007 by Karen

math
what formula would i use to solve for this: Loan Interest A developer needs $80,000 to buy land. He is able to borrow the money at 10% per year compunded quarterly. How much will the interest amount to if he pays off the loan in 5yrs? You need a loan amortization table to ...
June 19, 2007 by student

algebra
To buy both a new car and a new house, Tina sought two loans totalling $319,531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest payment of $8334.15. ...
February 22, 2011 by Joel

Intermediate Algebra
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. ...
July 28, 2011 by Kimberly

Math
To buy both a new car and a new house, Tina sought two loans totalling $319.531. The simple interest rate on the first loan was 2.7%, while the simple interest rate on the second loan was 2.6%. At the end of the first year, Tina paid a combined interest payment of $8334.15. ...
January 11, 2012 by Chrissy

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

Math
you have a loan for $150,000 @ 5% on a 30 yr mortgage. You plan to pay off your loan in 10 yrs, Do you want your loan to be figured using the "Rule of 78" or the "Unpaid Principal Balance Rule" please help if possible Thanks in advanced
May 27, 2012 by lost!!!! any other answer

simple interest rate
Need simple interest rate (rounded to hundreths) on a loan of $3500 which in two months the maturity value was $3583. What is the formula to figure this problem?
July 6, 2010 by Lisa

interest math
On April 12, Michelle borrowed $5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method. a. What is the amount of interest on the loan? $90 b. What is the maturity value of the loan?$5090 c. What is the maturity date of the loan?july 1...
November 14, 2013 by lynda

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

Math
Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?
March 25, 2012 by Dee

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

EnglishCheck
CHECK PLEASE 1. (Points: 2) The bank will not (lend, loan) money for home repairs. b. loan Save Answer 2. (Points: 2) My allergies sometimes cause me to (loose, lose) my voice. b. lose Save Answer 3. (Points: 2) Please leave the report on the desk, and either John or (myself, ...
October 30, 2011 by HM

math
Aarthi borrowed $18,500 at 5%p.a from her father tostart her software business. at the end of 3 months she paid him $5,000 and $6,000 at the end of 8 months. how much would she have to pay him at the end of 16 months to clear the balance? pleas answer!
November 29, 2012 by flor

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
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

business
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? (Round to the nearest cent) (Points : 2) $500.01 $273.06 $463.00 $463.29
June 22, 2013 by Anonymous

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
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

Business
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...
April 17, 2011 by Susana

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

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

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
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

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
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
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
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
on a loan of $3,500, manny had to pay $280 interest. The interest was what percent of mannys loan?
November 14, 2010 by Michelle

please check my answer
Please check my answer thanks :) What is the simple interest on $14,500 loan at 9% interest for 5 years Interest = $14,500 x 0.9% = 1305 x 5 = 6525
January 7, 2008 by keleb

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

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

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
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

business math
Joan Roe Borrowed $85,000 at a rate of 113/4 percent. The date of the loan was July 8. Joan is to repay the loan on Sept 14. Assuming the loan is based on exact interest, the interest Joan will pay on Sept 14 is?
March 12, 2013 by Susan

Finance
The payment structure of a corporate bond is best thought of as: an annuity of interest payments. an annuity of principal and interest payments. an annuity of principal payments. an annuity of interest payments and a single principal payment at maturity
July 7, 2013 by Neisha

Finance
To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1,458 at 12.5% for 1 year?
November 24, 2009 by landi

health care finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
July 27, 2014 by Anonymous

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

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
Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was September 20. Janet hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Janet will pay back interest on January 20
September 17, 2012 by Anonymous

math
Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was September 20. Janet hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Janet will pay back interest on January 20:
September 29, 2012 by Anonymous

math
The amount of money in an account with continuously compounded interest is given by the formula A = Pert, where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the hundredth of a year how long it takes for an amount of money to ...
April 22, 2007 by Greg

bookkeeping
what is the july interest ?total purchase is $15,632.16 with a %10 interest rate for 10 months 86.85 88.25 89.93 91.92 my answer is 89.93 what is the first months interest for the following $7659.43 at an interest rate of %11 percent for 6months 50.78 51.49 51.90 54.26 my ...
April 6, 2012 by susue

Finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
November 17, 2012 by Rebekah

finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
July 27, 2014 by Anonymous

business math
Janet Home went to Citizens Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was Sept 20. Janet hoped to repay the loan on Jan.20. Assuming the loan is based on ordinary interest, Janet will pay back interest on Jan.20 is?
March 12, 2013 by Susan

math
how do you find simple interest of something? I have a problem like this: JJ borrowed 21,000 dollars for a car, the finance company gave him an interest rate of 11.4% for 5 years how much will he pay over a 5 year period?? The problem here is that this is not simple interest...
July 7, 2005 by masha

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
Your Aunt will give your $1,ooo if you invest it for 10 years in an account that pays 20% interest compounded annually. That is, at the end end of each year your interest will be added to your account and invested at 20%. What will your account be worth at the end of 10 years...
August 30, 2006 by Natalie

math (interests & percentss)
i need help with these problems below ! mike deposited $500 for 9 months at 8%, compounded quarterly. a. how many times was interest added to mike's account? b. what percent interest was added each time? c. what was the balance in mike's account at the end of 9 months? sara ...
November 18, 2010 by bree

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
DESHAWN TOOK A LOAN OUT FOR $1,500 AT 6.4% ANNUAL INTEREST.HIS FRIEND RAY GOT A $2,000 LOAN FROM A DIFFERENT BANK AT A RATE THAT WAS 0.002 LOWER THAN DESHAWN'S. WHAT PERCENT INTEREST WAS THE BANK CHARGING FOR RAY'S LOAN?
April 9, 2011 by JOY

Finance
Your firm is considering the following three alternative bank loans for $1,000,000: A) 10 percent loan paid at year end with no compensating balance. B) 9 % laon paid at year end with a 20% compesating balance. C)6% loan that is discounted with a 20% compensating balance. We ...
February 12, 2012 by patricia

business math
What is the maturity value of the following loan? Use MV = P(1 + RT) to find the maturity. Principal Rate (%) Time Maturity Value $120,740 11¾ % 7 months (Points : 3)
September 21, 2013 by Badgirl444

Business finance
In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as $10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x $10,000 = $1,000 immediately, thereby receiving net funds of $9,000 and repaying $10,000 in a...
January 10, 2011 by Bryan

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

Finance
Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a 5 year, $6,000,000 bank loan to finance service equipment. The loan has an interest rate of 10% and would be amortized over 5 years, with 5 end-of-year payments. Sutton can also ...
April 12, 2011 by Nick

math
On April 12, Michelle Lizaro borrowed $5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method. a. What is the amount of interest on the loan? $ b. What is the maturity value of the loan? $ c. What is the maturity date of the loan? ...
December 18, 2014 by reva

Math 141
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 compounds ...
March 27, 2012 by Sherry

CTU
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 ...
August 13, 2012 by Johjoh

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

Algebra: Statistics
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. ...
December 14, 2011 by Pamela

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

Algebra
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 compounds ...
December 15, 2011 by Kimberly

Algebra
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 compounds ...
December 15, 2011 by Kimberly

Math please check answer
The simple interest on a $14,500 loan at 9% interest for 5 years my answer is $301.00 per month
March 10, 2008 by Dameion

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

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

pre algerbra
susan bought a 6 month $1,700 certificate of deposit.At the end of six months she recieved $63 simple interest. what annual rate of interest did the certificate pay? In a year then it would be 2 times $63 So $1700 times the rate of interest (we will call it X) will equal the ...
May 21, 2007 by Kemmaris

Math
Margaret recieved $671.50 in cash as proceeds from a loan of $680.00 The discount rate was 10% simple interest. Find the discount period in months. Hummm. With simple interest, a rate of 10% on $680, in one month the balance would be 680*(1+(0.1/12)) = 685.66666. Ergo, the ...
July 11, 2007 by Sabrina

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

Algebra
Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?
September 24, 2014 by Sara

math please explian
I know how to do simple interest on a loan but how would I figure compound interest on a loan $8,000 invested for one year at 6% compounded quarterly ? with rounded to the nearest dollar thanks in advance for explaining :)
January 7, 2008 by keleb

home economics
Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was September 20. Janet hoped to repay the loan on January 20. Assuming the loan is based on ordinary interest, Janet will pay back interest on January 20:
March 19, 2013 by Anonymous

statistics
A couple considering a mortgage of $100,000 have a choice of loans. One loan is an 8% loan for 20 years, and the other loan is at 8% for 30 years. Find the amount of interest that the couple can save by choosing the 20-year loan.
November 4, 2014 by Rick

Plz Hellp
Wanda took out a personal loan for $16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?
September 24, 2014 by Sara

Finance
You buy some furniture for $600. The department store offers you “no interest for 8 months” after which you can pay the $600 in one lump sum. To take advantage of this deal, the store charges a $25 service fee, which is to be paid today. What rate of simple interest is the ...
September 21, 2014 by Mella

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
March 18, 2008 by Adrian

math
You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks to find the best ...
March 13, 2011 by tammy l

Algebra
You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks to find the best ...
March 21, 2011 by Anonymous

math
You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks to find the best ...
August 8, 2011 by Tonia

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
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

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