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Loans
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Questions (1,220)
Which type of credit would you most likely use if you wanted to pay for a large home renovation?
A. car loan B. credit card C.
1 answer
asked by
ss
165 views
Which ways of paying for education must be repaid with interest? Select all that apply.
A. grants B. private loans C.
1 answer
asked by
ss
108 views
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
4 answers
asked by
Bryan
1,293 views
Raudhah took a loan for RM5000 at 8% simple interest per annum on 20 September 2020.If she pays RM124.44 simple interest find
1 answer
asked by
fara
135 views
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan
amount is: A. $400. B.
4 answers
asked by
matt
2,110 views
Jan borrowed $1,200 at 11.5% interest for three months. How much
does she have to repay under a single-payment plan?
5 answers
asked by
gabe
1,092 views
Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one
4 answers
asked by
Anonymous
3,120 views
Mike Drago took out a loan for $3,800 at the Gold Coast Bank for 280 days. If the bank uses the ordinary interest method, what
3 answers
asked by
wanda
1,223 views
Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 loan with a 5-year term and a
9 answers
asked by
Donovan
2,750 views
Vanna has just financed the purchase of a home for $200 000. She agreed to repay the loan by making equal monthly blended
1 answer
asked by
A
832 views
Stillwater hospital is borrowing $1,000,000 for its medical office building. The annual interest rate is 5 percent. What will be
2 answers
asked by
April
673 views
You borrow 1,200 at a rate of 4.5% for a period of 6 months How much will you repay at the end of 6 months?
A. 27 B. 54 C. 1,173
12 answers
asked by
Pablo
2,993 views
This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going
5 answers
asked by
Anyomous
3,481 views
When Maria Acosta bought a car 2.5 years ago, she borrowed $10,000 for 48 months at 7.8% compounded monthly. Her monthly
4 answers
asked by
Lindsey
1,638 views
A man buys a car at 25 gh cedis.he pays 20% of the cost of his own resources and takes a loan for the remainder at 2.5% simple
1 answer
asked by
Derrick
485 views
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
7 answers
asked by
Anonymous
4,266 views
A customer purchased a car and financed $16,000. The customer borrowed part of the money from a bank charging 10% annual
2 answers
asked by
Heather
628 views
Bill takes a loan of $9,000.00 at a 8% simple interest rate for 6 years.
a. How much interest will he pay after 2 years? b. How
4 answers
asked by
Bella
727 views
study ways of raising a loan to buy a car or house e.g bank loan
6 answers
asked by
harsh
4,542 views
Jennifer has a 60-month fixed installment loan, with a monthly payment of $223.04. The amount she borrowed was $11,000. Instead
3 answers
asked by
Hira
1,322 views
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
2 answers
asked by
carol
952 views
Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the
5 answers
asked by
Anonymous
5,109 views
The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54.
Loan Balance: $30,000.00 Loan
3 answers
asked by
Layla
1,377 views
You barrow $500 from your parents to buy a new computer. your parents charge 3% simple interest and give you two years to repay
5 answers
asked by
erts er
1,636 views
A car dealer offered an end-of-year clearance that was 20% off the MSRP of $32,500. Janice Ng agrees to that price plus
4 answers
asked by
Shermeacka Oates
612 views
Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary interest for 60 days from
4 answers
asked by
brad
917 views
Suppose you borrowed $15000 to buy a car at an interest rate 7.2% compounded monthly. What will the monthly payments be on loans
2 answers
asked by
laura
749 views
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?
3 answers
asked by
sabina
1,003 views
Camden Products buys a $500,000 machine by taking out a bank loan.The company's assets will______by $500,000 while its
4 answers
asked by
bella
1,766 views
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
3 answers
asked by
Anonymous
2,310 views
Howard's bank gave him a personal loan because they found him creditworthy. Which type of loan did Howard get?
2 answers
asked by
diego
1,234 views
A man's bank has offered him a loan of $20000 payable within the year at an annual interest rate of 24%. Calculate the monthly
2 answers
asked by
naz
534 views
A man agrees to pay Rs.4500 per month for 30 moths to pay off a car loan. If the interest of 18% per annum is charged monthly,
4 answers
asked by
almas
1,121 views
A recent graduate's student loans total $13,000. If these loans are at 4.1%, compounded quarterly, for 9 years, what are the
2 answers
asked by
meg
842 views
A store offers a loan for $900 to buy a computer. The terms of the loan are for 9% simple interest and equal monthly payments
10 answers
asked by
sully
4,647 views
-I need help with this question I keep getting an answer that is not an option. Plz explain how to do it so I know how to do
4 answers
asked by
Alyssa
598 views
a loan of 2000 is being amortized over 48 months at a interest rate of 12 peecent compounded monthly, the outstanding loan at
4 answers
asked by
Abdul Rehman
1,091 views
On September 14, Jennifer Rick went to Park Bank to borrow $2,500 at interest. Jennifer plans to repay the loan on January 27.
4 answers
asked by
Ekanki
3,529 views
A carpenter spent $4500 to purchase a table saw , a circular saw, and a panel saw. He paid 5% down and financed the balance with
4 answers
asked by
Jennifer
1,692 views
Louis borrowed $500 from his bank. His bank will charge Louis 8% simple interest per year to loan him the money. If he paid back
6 answers
asked by
piggie
839 views
A college student receives an interest-free loan of $10,200 from a relative. The student will repay $200 per month until the
4 answers
asked by
math
1,688 views
Scheduled payments of $1400 due today and $1600 due with interest at 11.5% compounded annually in five years are to be replaced
4 answers
asked by
mm
1,969 views
Find the amount paid for the loan.
$2400 at 10.5% for 5 years
4 answers
asked by
Anonymous
1,358 views
Harold took out a 4-year amortized loan for $22,000 at 10% to pay his tuition at a technical institute. After 1 year, he
4 answers
asked by
Anonymous
1,492 views
Sheila bought a new computer for $2000 and has agreed to finance it at 12% interest with a $100 payments each month. When she
4 answers
asked by
Anonymous
2,256 views
A $4,000 loan at Brotherhood Credit Union is given to a member at 6%, and the interest is $110. When will the loan be due
4 answers
asked by
adrie
571 views
Joshua borrowed $1,900 for one year and paid $95 in interest. The bank charged him a service charge of $22. If Joshua paid the
4 answers
asked by
MM
1,887 views
A loan has a due date of December 20. If it is made on September 19, for how many days is the loan?
4 answers
asked by
Anonymous
2,837 views
Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
You borrow $2,000 for a
5 answers
asked by
Hether with no a
481 views
You borrow $200. The simple interest rate is 12%. You pay off the loan after 2 years. How much doe you pay for the lone
4 answers
asked by
Nick
1,113 views
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