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July 28, 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: 10,566

Math
4. Find the monthly payment for the loan. (Round your answer to the nearest cent.) $700 loan for 12 months at 15% 5. Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $128,000 home bought with a 20% down payment and the balance financed for 30 ...
February 19, 2014 by Cece

Loan
Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple interest on the remaining balance of the loan in semi-annual equal PRINCIPAL payments for four years. How much total interest will Borrower Brown pay over the life of his loan?
October 29, 2012 by Renee

business finance
You have saved $15,000 for down payment on a car costing $55,000, and plan to finance the rest with a 5-year loan. The dealer is offering you a loan with a monthly payment of $1,050. What effective annual rate of interest is the dealer charging on the loan
February 23, 2014 by sakiss

math
find the monthly payment for the loan. Finance $ 750.000 for a warehouse with a 9.50% 30 year loan.
March 17, 2013 by Andrew

Loan
What would be the yearly payment on a $100000 loan at 5.5% interest
March 8, 2013 by Lory

math
12.value: 10.00 points Joanne Flynn bought a new boat for $15,400. She put a $2,600 down payment on it. The bankís loan was for 46 months. Finance charges totaled $4,859.86. Assume Joanne decided to pay off the loan at the end of the 24th month. (Rule of 78) What rebate would...
October 31, 2012 by Anonymous

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
joe borrows $4,000, the loan is for 18 months at 5% interest, whats the total amount due on the loan?
March 8, 2011 by brittney

Math
John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years. What is the loan's monthly payment amount?
November 28, 2011 by Anonymous

Math
$10,000.00 loan at 8% to be paid in full in 88 months. How much interest would be due at the payoff of the loan?
March 30, 2012 by Susan

math
Find the monthly payment for the loan. (Round your answer to the nearest cent.) $800 loan for 12 months at 10%
March 17, 2013 by buffy

math
Find the monthly payment for the loan. (Round your answer to the nearest cent.) $700 loan for 12 months at 12%
May 23, 2014 by lade

math
Find the monthly payment for the loan. (Round your answer to the nearest cent.) $400 loan for 12 months at 14%
June 3, 2014 by leelee kay

Algebra
This assignment is about a car loan. A financial institution in your community is advertising "Simple Interest Car Loans." Here is their ad. "Looking for an attractive loan for the car of your dreams? Well, look no more. Come in and show us your car deal. We will match any car...
June 5, 2012 by Jewel

acc 260
Is an accounting professional guaranteed to act ethically just because he or she has completed a course in ethics? Explain your answer. Having nearly reached the end of this course, what do you think you have learned that will help you to act ethically in your future profession?
January 20, 2010 by ashley

Math
A wheel with radius 2 cm is being pushed up a ramp at a rate of 6 cm per second. The ramp is 520 cm long, and 260 cm tall at the end. A point P is marked on the circle. How far does the wheel travel in one rotation?
May 4, 2014 by Devon

Math
Ms. Jordan has been given a loan of 2500 for 1 year. If the interst charged is $275, what is the interest rate on the loan?
March 6, 2008 by Kim

math
Cassandra is repaying an installment loan of 3,500 with 20 equal payments of 196.00 each.What is the annual percentage rate of the loan? A. 7.55% B.11.16% c 12% d.13.25%
January 16, 2011 by Jessie

math
. Richard took a loan of 10,000 at a rate of 4%. If he paid $16,00 in interest, how many years did it take him to pay back the loan?
August 6, 2012 by lawana

math -interest
Find the monthly payment for the loan. (Round your answer to the nearest cent.) $400 loan for 12 months at 14%
June 10, 2014 by Silvia Kay

math
Sonja needs to borrow $2,251 to pay for her college classes. Sallie Mae is offering her a 4.5% simple interest loan with an interest charge of $405.18 over the life of the loan. How many years is Sallie Mae giving her to pay back the loan with interest?
February 25, 2013 by kelly

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

Math
Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $50.00 finance charge. What is the APR on his loan? The down payment is $ The amount financed is $ The ...
July 8, 2013 by sarah

math
Cassandra is repaying an installment loan of $3,500 with 20 equal monthly payments of $196 each. What is the annual percentage rate of the loan?
September 23, 2010 by alisha s.

math
Richard took a loan of $10000 at a rate of 4%. If he paid $1600 in interest, how many years did it take to pay back the loan?
September 23, 2011 by betty

math
Richard took a loan of $10,000 at a rate of 5%. If he paid $2,500 in interest, how many years did it take him to pay back the loan?
August 6, 2012 by mandi

math
using simple interest on a loan at 8.4% for one year making monthly payments. Find the APR on a $5000 loan.
July 31, 2013 by Scott

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

math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down payment is? The amount ...
April 12, 2014 by Anonymous

Finance
Kohers Inc is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3 years. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line basis over their 3 year life. It ...
April 12, 2011 by Nick

finance
Kohers Inc is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3 years. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line basis over their 3 year life. It ...
April 13, 2011 by Nick

math
Liam borrowed a sum of money from his parents as an interest free loan to help him pay college. We know that 6 months into the loan,owned 17,900 and that 15 months into into the loan he owned 14,750. 1. What is the original amount? 2. How long will it take to pay back? Please ...
December 10, 2012 by yaneth

consumer math
Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down payment is $ The amount ...
April 16, 2014 by benny

Transitional Math
Richard took a loan of $10000 at a rate of 5%. If he paid $2500 in interest, how long did it take him to pay off the loan?
December 5, 2010 by Troy

Business Math
Cassandra is repaying an installment loan of $3,500 with 20 equal monthly payments of $196 each. what is the annual percentage rate of the loan?
June 19, 2011 by Sandy

BUSINESS MATHS
Find the cost of credit in the following loan. Amount of loan: RM 4,450 Number of payments: 24 Monthly payment: 221.
January 8, 2012 by ummu

Business Finance
Cassandra is repaying an installment loan of $3500 with 20 equal monthly payments of $196 each. What is the annual percentage rate of the loan?
January 20, 2012 by Terry

Algera
Ms. Pecho currently owes $637.50 simple interest on a loan of $2500 at a anual inteest ate of 17%. How long has she had the loan?
March 1, 2012 by John

math
Chris Shopper received a $800 discount loan to purchase a washer and dryer. The loan was offered at 10% for 120 days. What are the proceeds?
April 14, 2014 by Anonymous

math
. If the maximum loan-to-value ratio that a lender will accept on a $100,000 loan is 90 percent, then the borrower must make ________
June 4, 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

Compound Interest
Payments of $1,800 and $2,400 were made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for teh first two years and 10.74% compounded monthy thereafter. What amount was owed on the loan after ...
August 2, 2009 by Sat

compund interest
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
August 5, 2009 by thara

finance
A firm has decided to borrow $500,000 on a 10% add-on basis, payable in 8 end-of-month installments. What would the nominal annual percentage rate on the loan be.
December 9, 2009 by Myrtis Edwards

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

Finance
Caustic Chemicals management identified the following cash flows as significant in their year end meeting with analysts: During the year Caustic repaid existing debt of $250,818 and raised additional debt capital of $693,120. It also repurchased stock in the open market for a ...
March 12, 2013 by Anonymous

Math
Use the inverse matrix to solve this system of equations: 4x+3y=7.5 7x+9z=14 4y-z=8.3 A) x = -2.125, y = 3.23, and z = 4.555 B) x = 1.661, y = 2.509, and z = 0.404 C) x = 2.509, y = 1.661, and z = -0.404 D) x = 0.260, y = 2.435, and z = 1.375 E) x = 2.435, y = 1.375, and z = 0...
March 25, 2014 by Anonymous

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

algebra
How would you solve this math equation? this is really confusing to me. Ms.Martin was researching the costs of financing $125,000 for a home. She found that the monthly payment for a 6.875% loan for 30 years would be $821.16 per month. She found that the monthly payment for a ...
September 4, 2008 by Caleb

math
Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three-year instalment loan. The loan requires a 10% down payment and 36 equal monthly payments of $...
April 7, 2013 by Vickie

public finance
Your annual income is $50,000. You want to take out a mortgage loan to buy a house. The rule on mortgage loan requires that your annual mortgage payment cannot exceed 30% of your annual income. If the current interest rate is 5% for a 30-year mortgage loan, what is the maximum...
September 26, 2012 by Jamie

Algebra
Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to determine the monthly payment amount for a loan is given by (Aw)/1-(1)/ (1+w)^m (a) What is the numerical value of w...
July 29, 2009 by Shelly

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

Math
please explian thanks :) I need to know how to figure out .... A loan requires a 12% down payment and 24 equal monthly payments of $195.,what would the finance charge of the loan be
November 13, 2007 by Anonymous

business mathmatics
the total amount on a loan of 6,000 for 150 days is 210.50. using the ordinary interest metnod. what is the rate on this loan? rounded to nearest hundredeth.
August 30, 2011 by linda

Math
Chris Shopper received a $800 discount loan to purchase a washer and dryer. The loan was offered at 10% for 120 days. What are the proceeds? I tried this problem and the answer is not 26.40
June 24, 2013 by Matthew

Math
Sam Sounds received a $320 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars and the proceeds for the following problem.
May 20, 2014 by Hannah

Math
Louise Grantham is buying a home for $198,500 with a 20% down payment. She has a 5.75% loan for 25 years. Create amortization schedule for the first two months of her loan.
July 4, 2014 by Kgk

math
Wallace and Sarah purchased furniture for their new home. They had two payment options. The first option is to pay a cash payment of $4200. The second option is to finance the furniture with a two year installment loan. The loan requires 12% down payment and 24 equal monthly ...
January 18, 2012 by Terry

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
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 (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

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

Algebra/please can some one help I forgot
ind the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $450,000 for a warehouse with a 7.50% 30-year loan Thank you for your help.
June 17, 2014 by Mary Ann

Math
On May 23, Samantha Best borrowed $40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan? Using the scenario from the previous question, calculate the maturity value of the loan. ...
September 16, 2013 by Ashley

physics
while john is traveling along an straight interstate highway, he notices that the mile marker reads 260. john travels until he reaches the 150-mile marker and then retraces his path to the 175-mile marker. what is john's resultant displacement from the 260-mile marker?
October 22, 2010 by Anonymous

math
Leslie has been offered the choice of either a $1,000 rebate or a 5.5 percent, 48-month loan for the new car she is purchasing. If Leslie will be financing $15,000 and she can get a 7.5 percent, 48-month loan at her credit union, should she take the $1,000 rebate or the 5.5 ...
August 5, 2012 by Steven

algebra
50. Steve borrows $4,800 from his parents to purchase a used car. No interest is charged on the loan and Steve will pay his parents $150 per month until the loan is paid off. (a)Write a function that describes the relationship between the amount Steve owes his parents and the ...
January 2, 2014 by Mike

financial management
in buyinbg a hone using prepayment verses investment what are the opportunity cost considerations if i was to pay $50.00 extra a month? the way i see this i am oweing more at the end of my loan term.
November 18, 2007 by jean

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

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...
July 24, 2009 by Math

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

Managerial Accounting
Explain why there is a need for a bank loan and what operating sources provide cash for the repayment of the bank loan
September 15, 2007 by Renau Daniels

accounting
what accounts would be impacted by a $30,000 cash payment to a $125,000 loan (assuming there is no interest on the loan)?
January 16, 2008 by Tricia

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

math
calculate the monthly payment by loan amortization table: loan $26000, down payment $5000, 11% 36 months
June 20, 2010 by renee

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

algebra
Janet invested $23,000, part at 6% and part at 17%. If the total interest at the end of the year is $2,260, how much did she invest at 6%? Let x be the amount invested at 6% Then 23,000 - x is invested at 17%. 0.06 x + 0.17 (23,000 - x) = 2260. That equation can be solved fo x
June 5, 2007 by veronica

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

business math
loan made july 15, length of loan 150, date of discount november 20. how many days is the discount period
May 26, 2011 by Pascal

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

fin
The following tabulation gives earnings per share figures for the Foust Company during the preceding 10 years. The firmís common stock, 7.8 million shares outstanding, is now (1/1/03) selling for $65 per share, and the expected dividend at the end of the current year (2003) is...
September 8, 2007 by HELP

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
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

owning
The __________is the contract that seals the deal when you buy a car. A.loan application B.warranty C.loan agreement D.sales agreement i got C
October 15, 2011 by Ciara

owning
The _______ is the contract that seals the deal when you buy a car. A.loan application B.warranty C.loan agreement D.sales agreement i got C
October 24, 2011 by Ciara

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
The monthly payments on an 8-year loan compounded monthly at 4.75% are $100. What was the original amount of the loan?
April 2, 2010 by Thara!

math formulas
4. Vanna has just financed the purchase of a home for $200 000. She agreed to repay the loan by making equal monthly blended payments of $3000 each at 9%/a, compounded monthly. Determine how much interest she will pay for her loan. h. How much would Vanna have saved if she had...
January 21, 2011 by stephy

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
please help me thanks :) Paul needs to repay a loan(installment loan) of $3,500 with 20 equal monthly payments of $196 each. What is the APR of the laon? I got 11.16% then I got 12 % so I don't know
November 27, 2007 by Israel

owning
The __________is the contract that seals the deal when you uy a car. A.loan application B.warranty C.loan agreement D.sales agreement i got C but my secong answer if not C it will be B.which on is write ??
October 19, 2011 by Ciara

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