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Loans and Interest
Page 2
Questions (91)
A guy borrows $5000 and wants to repay it $190 per month starting at the end of this month. If the loan terms are 6% APR with
1 answer
asked by
Damari
468 views
The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan,
3 answers
asked by
Jennifer
549 views
The annual interest rate for a customer’s loan of $675 is 19.25%. What is the total dollar amount to be repaid on the loan,
3 answers
asked by
Sienna
887 views
Lisa Kane borrowed $8000 on an 8%, 60 day note. After 15, days Lisa paid $2000 on the note. On day 45, Lisa paid $4000 on the
1 answer
asked by
Renee
471 views
abe wolf brought a new kitchen set at sears. abe paid off the loan after 60 days with as interest of $9. if sears charges 8%
2 answers
asked by
elijah
491 views
two partners in a business. one partner mortgaged business property to his co-partner for $15,000.00 at 12% a year interest. no
1 answer
asked by
martin sostre
396 views
Bank granted a 10000$ nine months loan at 6% per year. How do we make Tat in journal entry.
1 answer
asked by
Thara
317 views
A radio commercial for a loan company states: "You only pay 28 cents a day for each $500 borrowed." If you borrow 2910$
3 answers
asked anonymously
37 views
Femi collected a loan of 500,000 at an interest rate of 20% per annum. What amount will he pay back at the end of the year
3 answers
asked anonymously
56 views
Which of the following statements is true? The more money you owe the higher interest payment will be. There’s no reason to
1 answer
asked anonymously
50 views
Jim Hindson’s bank granted him a single-payment loan of $3,400 for 144 days at an annual interest rate of 18%. His bank
1 answer
asked anonymously
34 views
If you borrow $1000.00 at 6% for one year, how much interest will you owe. how much will you have to pay back
2 answers
asked by
carolyn
1,110 views
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
3 answers
asked by
Sanya
1,098 views
Find the Due date and maturity value for a $28,400 loan made to Henry Koolio on March 12 for 6 months at 9% interest.
a. A total
4 answers
asked by
Markus
886 views
Sam received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars
1 answer
asked by
Kendra
771 views
Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from
2 answers
asked by
keionna
737 views
q1.The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial
2 answers
asked by
kyle
710 views
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
1 answer
asked by
student
659 views
a loan of 22,823 was repaid at the end of 12 months. What size repayment check (principal and interest) was written , if a 10.7
3 answers
asked by
beth
607 views
Karan took a loan of rs 70000 from a bank. If the rate of interest is 10%per annum find difference in amount he would be paying
3 answers
asked by
Amy
586 views
Calculate the total amount (loan and interest)to be paid on a loan of N1 000.00, borrowed for 2 years at a simple interest rate
3 answers
asked by
Funbi
637 views
A man has a five-year old loan with which he purchased his house: his interest rate is 18% compunded monthly. Since he obtained
1 answer
asked by
Chanaka
510 views
1. Ashlyn took out a loan for $700 to buy a new Tv. The bank to going to charge her 3% compound interest. What amount will
3 answers
asked by
Tisy
492 views
May Ling borrowed $2500.00 for vehicle repairs from her parents. She agreed to pay back the loan plus 7.5% simple interest on
1 answer
asked by
alyssa
505 views
Malinda Levi borrows 90 day note. On the 30th day, Malinda pays on the note. If ordinary interest is applied, what is
1 answer
asked by
Peter
479 views
Julie took out a loan for college for 25,000. If the interest rate is compounded annual 5% what is the total amount of money
1 answer
asked anonymously
36 views
Need some help with setting it up please. Thank you.
Joanna wants to buy a car. Her parents loan her 5,000 for 5 years at 5%
3 answers
asked by
Lisa
475 views
If someone borrowed $30,000 over 4 years
The interest is 4.5% variable compounded monthly How much is owing at the end of the 3rd
1 answer
asked by
raksha
464 views
Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60
1 answer
asked by
Anonymous
453 views
The principal P is borrowed and the loans future value A at time t is given. Determine the loans simple interest rate r.
P=
1 answer
asked by
Alex
41 views
Jonathan took out a $25,000 student loan to go to college. The loan charges 5% interest compounded yearly. How much will
1 answer
asked anonymously
85 views
Using an online loan calculator, determine the total cost, fixed monthly payment, and the total interest paid when repaying an
1 answer
asked by
Quira
298 views
Calculate the amount to be paid back on a $20,000 loan with an interest rate of 12% compounded yearly after five years.(1 point)
1 answer
asked by
Kanna
19 views
Determine the cost of credit for a $3,300 loan with a simple interest rate of 8% and a one-time payment to pay the amount in
1 answer
asked anonymously
10 views
Compare the two payment options for a $9,500 loan to determine which option has the lower cost of credit.
• Option 1: One-time
1 answer
asked anonymously
31 views
Using an online loan calculator, determine the total cost of repaying a $750 credit card loan with a 17.99% interest rate
7 answers
asked by
TwynTymeYT
32 views
Determine the acquired interest amount of a $5000 student loan with a simple interest rate of 5.4% over a period of eight years
1 answer
asked anonymously
19 views
Using an online calculator, determine the total cost, fixed monthly payment and the total interest paid when repaying a credit
1 answer
asked by
one
34 views
You purchased a new car for $19,725.00 plus sales tax. The down payment is $2,175.00 and you have an average credit rating for
1 answer
asked by
Country girl 🤠
23 views
correct answer is
What is the relationship between the interest, interest rate, and principal? The principal is the amount paid
1 answer
asked by
Kshultz32
20 views
How to do this Nadia wants to compare monthly payments, total interest, and total cost for interest rates that vary from 7.725%
1 answer
asked anonymously
9 views
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Parent Categories (15)
Borrowing Money
Economics
Finance
Finance and Banking
Finance and Economics
Financial Calculations
Financial Education
Financial Literacy
Financial Management
Financial Math
Financial Mathematics
Math
Math and Finance
Mathematics
Personal Finance