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March 3, 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: 46,896

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

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 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

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
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
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? 9.09 is this right?
April 4, 2008 by Ms. Teri

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

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 interest for the loan principal rate time $1,800 6 1/2% 3 3/4 years
August 30, 2011 by Anonymous

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

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
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

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
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
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 (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
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
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
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
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
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

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

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

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
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
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

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 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

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
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

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

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

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 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

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

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

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

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

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
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

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
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

math
what is an example of the important facts on obtaining a loan for a new car as a math problem. Knowing that some facts are: credit interest if good credit or high interest if bad credit. how can i show an example of what i am trying to say in a math problem using formulas for ...
June 21, 2007 by student

Math
The interest rate on an auto loan in May was 12 %. By September the rate was up to 14 %. How many percentage points did the interest rate increase over the period? How would I begin this?
July 31, 2009 by Anonymous

Algebra
Micheal loaned two of his roommates a total of $4,000. He charged his first roommate 3% interest and his second roommate 4% interest. After six months he collected a total of $332 in interest. How much did he loan each friend?
November 22, 2008 by Julissa

Algebra Help please!
I already posted this question,and Henrey answered it. I just wanted to clarify a few things to make sure I am on the right track Problem: Joanie takes a $6,000 loan to pay for her car. The annual interest reate on the loan is 12%. She makes no payments for 4 years, but has to...
November 21, 2014 by Trish Goal

math
The interest rate on an auto loan in May was 12 3/8%. By September the rate was up to 14 ¼%. How many percentage points did the interest rate increase over the period?
August 13, 2010 by Anonymous

math
what is the simple interest of $1500.00 for 4 months at 63/4% annual interest?
July 5, 2012 by Jason

Engineering Economics
Hi there, I am having some trouble solving this problem, can you give some guidance as to the solution. What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $1000 is made at the end of year 11, and subsequent ...
January 27, 2009 by Marzi

math
A man borrows $50,000 towards the cost of a house. Compound interest is charge on the loan at 125 per annum. He agrees to pay back the loan in 25 equal installments, at yearly intervals, the first repayment being made exactly 1 year after the loan is taken out. Calculate the ...
February 13, 2011 by jen

math
abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6 years. then find the total of principal plus interest
January 31, 2012 by iconiac and a granderz fan

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

tax accounting
to create a 10 yr term bond schedule with semi annual payments (principal is $10 million); stated interest rate is 8% and market rate is 6%-how would you do it
July 17, 2012 by M.white

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

finance
A small chemicalcompany is negotiatimg a loan from Manhatten Bank and Trust. The small chemical company needs to borrow $500,000. The bank offers a rate of 8 1/4 % with a 20% compensating balance, or as an alternative 9 3/4% with additional fees of $5,500 to cover the ...
October 15, 2010 by vanessa

Algebra
You invested $1 0,000 on two stocks paying 8% and 10% annual interest, respectively. At the end of the year, the total interest fiom these investments was $940. How much was invested at each rate?
April 3, 2012 by LIbby

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

math
You want to explain to your friend that your bank’s interest rate has gone down from 1.2% to 0.3%. Which sentence below has the correct meaning? A)My interest rate has decreased 25%. B)My interest rate has decreased 0.9 percentage points. C)My interest rate is 0.9% of what it ...
May 9, 2013 by jordan

financing
what would be the simple interest on a $4,500. loan if the annual percentage rate were 6.5%?
October 30, 2010 by lee

math
What is the monthly payment on a 25-year loan of $73,700 if the annual interest rate is 10%?
June 24, 2014 by Jennifer

math,algebra
Is this correct Business and finance. The simples interest I on a principle of P dollars at interest rate r for time t, in years, is given by I= Prt. Find the simple interest on a principal of $6000 at 3% for 2 years. Simple Interest = Principle x Rate x Time (in years)
December 11, 2006 by Jasmine20

MATH
Im Struggling with this assignment here. Would like help ASAP. 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 ...
April 6, 2011 by Anonymous

Accounting
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bonds have an annual interest rate of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include: A.Interest ...
June 9, 2013 by Mike

pre calculus
Jack invests $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one-half percent higher. If he receives a total of $190 interest in 1 year, at what rate is the $1000 invested?
March 4, 2014 by Danielle

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

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

math, business?
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?
August 12, 2009 by scooby91320002

MATH
THE INTEREST RATE ON AN AUTO LOAN IN MAY WAS 12 3/8 BY SEPTEMPER THE RATE WAS UP 14 1/4 % HOW MANY PERCENTAGE POINTDID THE INTEREST RATE INCREASE
January 17, 2010 by SHIRLEY

economics
Suppose Caroline is a cinephile and buys only movie tickets. Caroline deposits $3000 in a bank acct that pays an annual interest rate of 20%. You can assume that this interest rate is fixed-that is, it won’t change over time. At the time of her deposit, a movie ticket is ...
February 26, 2012 by nan

programming
Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you will expect the user to enter a number such...
February 4, 2010 by John

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

Math
Determine the total amount of interest you will pay over the next 3 months on a credit balance of $725 if your credit card has an annual interest rate of 18% and you make monthly payments of 10% of the amount due, rounded to the nearest dollar.
May 7, 2012 by Pat

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