Thursday

September 29, 2016
Number of results: 54,651

**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*

**math**

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

*September 18, 2014 by Anonymous*

**Math**

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

*December 8, 2012 by Queen*

**Math questions**

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

*March 28, 2015 by Nadia*

**math**

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

*September 17, 2006 by john*

**Business Math**

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

*November 3, 2013 by JJ*

**Math**

Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of 18 months to clear the balance?

*September 18, 2016 by Paula*

**economics**

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

*February 1, 2012 by Anonymous*

**Math**

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

*March 22, 2015 by Kailey*

**real estate finance**

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

*April 19, 2013 by tmouery*

**math**

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

*May 2, 2013 by b*

**Equivalent Payments **

Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of 18 months to clear the balance?

*September 18, 2016 by Paula*

**accounting**

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

*March 16, 2013 by chris*

**Math**

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

*March 21, 2015 by N.*

**Algebra 1**

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

*November 9, 2010 by Lola*

**math**

Allan borrowed $4800 from his father to buy a car. He repaid him after 9 months with interest of 5% per year. Find the total amount he repaid.

*June 24, 2014 by Jennifer*

**math**

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

*May 20, 2015 by a*

**Math**

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

*February 4, 2014 by Jamison*

**math**

What percentage interest rate is a loan that charges one hundred dollars in simple annual interest over 5 years on a one thousand dollar balance?

*August 1, 2012 by Anon*

**Finance**

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

*August 22, 2012 by tisha*

**math**

A $1500 investments has an annual simple interest rate of 7%. Find the simple interest earned on the investment after 18 months.

*May 23, 2012 by miss c*

**math**

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**

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

*December 22, 2013 by Bee*

**math - interest rates**

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

*February 5, 2014 by Nabil - please help*

**drbob222**

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

*December 12, 2006 by jasmine20*

**Math**

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

*March 30, 2016 by Anonymous*

**algebra**

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

*February 4, 2011 by Anonymous*

**math**

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

*March 31, 2016 by PleaseCheckMyAnswer*

**Math**

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**

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**

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

*December 9, 2014 by Bri*

**finance**

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

*May 4, 2012 by tj*

**Math Check My Work Please 2**

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

*March 13, 2015 by SmartyPants*

**Math**

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

*May 17, 2016 by Lil*

**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*

**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**

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*

**Business Math**

What is needed to repay the loan at the of month of an 18 month installment loan for $1700 at 12% annual interest? Interest is computed using the Rule of 78.

*December 14, 2015 by Kalen*

**math**

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

*October 16, 2015 by valentina*

**math**

An investment of $2500 is made at an annual interest rate of 5.5% .How much additional money must be invested at an annual simple interest rate of 8% so that the total interest earned is 7% of the total investment?

*September 3, 2012 by Marcela Minoza*

**MATH**

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

*August 12, 2012 by TRAY*

**annual interest**

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

*October 28, 2012 by Anonymous*

**Finance**

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

*October 7, 2015 by Sammy*

**Math: Compounded Interest**

A principal of $200 is invested at 5% interest rate annually. Determine the future value in 3 months' time if compounded: (a) Semi-annually (b) Quarterly

*June 25, 2015 by Aurora*

**Math**

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

*October 22, 2009 by cole*

**math**

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

*September 18, 2015 by veerta*

**Math**

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

*September 30, 2010 by Trevor*

**Finance**

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

*November 12, 2011 by Taccara*

**math**

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

*June 19, 2014 by Anonymous*

**finance**

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

*December 1, 2010 by Loretta*

**Survey of mathematics**

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

*June 20, 2014 by Jennifer*

**Urgent! Help please!**

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

*June 20, 2014 by Jennifer*

**Survey of Mathematics**

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

*June 22, 2014 by Jennifer*

**math**

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

*November 7, 2013 by danielle*

**Math**

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

*April 4, 2012 by Bill*

**Math**

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

*April 1, 2013 by Sanya*

**math**

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

*March 20, 2014 by tota*

**Algebra (HELP)**

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

*October 11, 2010 by JerryJ*

**Math**

Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2½ 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 2½ years and the amount of interest was $1,320, how much did Katie borrow?

*June 22, 2013 by Beth*

**college math **

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

*October 31, 2012 by sasha*

**math115**

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

*October 3, 2009 by callie*

**Math Finance please help**

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

*November 14, 2011 by Taccara*

**math**

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

*October 1, 2013 by lauren*

**math**

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

*May 2, 2014 by wilton*

**wilton**

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

*May 2, 2014 by wilton*

**math**

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

*May 5, 2014 by wilton*

**math**

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

*September 2, 2008 by Peggie*

**Math**

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

*October 23, 2008 by Mary*

**uop**

ms jordan has been given a loan of $2,500 for 1 year. If the interest charged is $275, what is the interest rate on the loan?

*October 29, 2008 by lisa jones*

**math**

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

*December 9, 2008 by jane*

**Finance**

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

*December 9, 2009 by Myrtis Edwards*

**Math**

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

*April 4, 2008 by Ms. Teri*

**Math**

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

*February 24, 2016 by Alexa*

**Algebra 2 & trig **

joanna invested $7500, part at a 5.5% and the remainder at a 6% annual rate of interest. if she collected a total of 435 in interest at the end of one year, how much money was invested at each rate?

*October 28, 2014 by Emily*

**Math**

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 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**

find the interest for the loan principal rate time $1,800 6 1/2% 3 3/4 years

*August 30, 2011 by Anonymous*

**Algebra**

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

*April 1, 2009 by Cassie*

**Applied College Msthematics**

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

*January 4, 2012 by Ari*

**algebra 2**

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

*May 27, 2011 by David*

**algebra**

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

*May 27, 2011 by david*

**MATH**

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

*April 6, 2011 by Anonymous*

**math **

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

*September 11, 2009 by p*

**Math**

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

*August 7, 2015 by Larry*

**social studies**

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

*January 7, 2015 by Leah*

**Math**

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

*February 18, 2014 by Dan*

**Social Studies**

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

*November 14, 2012 by Greg*

**math**

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

*November 9, 2015 by Haroon Gondal*

**economic**

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

*February 7, 2016 by aryona*

**Math (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*

**Maths**

principal = 3000 rate =35/4 time = 1year 2 months interest =

*February 14, 2016 by Jash*

**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**

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

*January 22, 2015 by Dana*

**math**

An account earns annual simple interest. Find the balance of the account. $250 at 4% for 1 year = $260 $2000 at 9% for 6 months = $?

*May 25, 2016 by Caroline*

**math**

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

*March 1, 2013 by Tiffany*

**Finance**

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

*October 23, 2012 by Jazmine*

**Finance**

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

*December 14, 2012 by dj*