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Page 9
Questions (1,217)
Hello, I hope someone can help me with the question below, since I am completely stuck.
One day, a bank receives $5000 deposit on
1 answer
asked by
Lisa
467 views
In an amortized loan, the principal portion:
increases with every payment and is zero with the last payment. increases with every
1 answer
asked by
Neisha
428 views
Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate was 14% using the ordinary interest rate method. On day
1 answer
asked by
lost
402 views
What does "loan amortization requirements" mean?
1 answer
asked by
K
299 views
due date and amount of interest due
October 1 for $10,500 @ 8% for 60 days ?
2 answers
asked by
Bonnie
563 views
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
3 answers
asked by
Anonymous
1,044 views
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10%
1 answer
asked by
Miller
460 views
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10%
1 answer
asked by
Miller
501 views
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10%
2 answers
asked by
Miller
543 views
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10%
1 answer
asked by
Miller
914 views
if you borrow $1000 at 9% interest and pay it back over 1 1/2 years, how much do you pay back including interest?
2 answers
asked by
kaylie :)
201 views
Pikes Peak Harley Davidson. offered to finance a new motorcycle for qualifying customers at 15% downer 7.5% interest for 48
1 answer
asked by
k
339 views
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
2 answers
asked by
chris
1,013 views
if you have a loan for 200,000 at 5% int for 25 years, how much would the payoff amount be after 15 payments?
1 answer
asked by
Anonymous
292 views
Janet Home went to Citizens Bank. She borrowed $7,000 at a rate of 8 percent. The date of the loan was Sept 20. Janet hoped to
4 answers
asked by
Susan
993 views
Jnaet took out a loan of $50,000 from Bank of America at 8 percent on March 9, 2006 which is due on July 8, 2006. Using exact
3 answers
asked by
Susan
434 views
Joyce took out a loan for $ 21,900 at 12 percent on March 18, 2007. Which will be due on Jan 9, 2008. Use ordinary interest,
1 answer
asked by
Susan
470 views
What would be the yearly payment on a $100000 loan at 5.5% interest
1 answer
asked by
Lory
375 views
A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for
2 answers
asked by
Anonymous
684 views
Can someone please assist me
The problem reads "use the rule of 78 to find the payoff amount for the loan paid in full before the
1 answer
asked by
Meg
381 views
Ted needs to take out a loan to buy a new bicycle.He is able to repay the loan by means of 15 semi-annual payments of
1 answer
asked by
Lucas
415 views
If Wilma borrows $5,000 from her brother (at 5% interest per year) and the loan matures in 10 years, how much will she have to
1 answer
asked by
Jordan
442 views
Which statement is true about principal?(1 point) Responses It is everything you pay in addition to repaying the amount you
3 answers
asked anonymously
36 views
Which statement is true about an annual percentage rate (APR)?(1 point) Responses It is of little interest to the average
3 answers
asked anonymously
129 views
Mile and Rosalyn borrow $70,000 to purchase a home. If the monthly interest payment is $787.50.
What is the rate of interest?
1 answer
asked by
kristina
338 views
What is the unpaid balance of the business loan of 50,000 with interest rate of 9% compounded monthly for7 years, after the firt
1 answer
asked by
Vicki
359 views
Harris company borrowed 65,000 by giving 10 year , 6% installment note to Cuba Bank The note requires annual payments of $8832
2 answers
asked by
Nancy
513 views
Rancher Rick purchased an additional 80 acres of hay ground to produce hay for his Angus herd. He paid $700/acre. He paid
2 answers
asked by
Renee
513 views
Henrietta went to a bank and obtained a personal loan with an interest rate of 3.18% compounded monthly. if the effective
1 answer
asked by
Madeleine
414 views
Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point)
Responses The
3 answers
asked by
arlyiscool
73 views
Which of these statements is true?(1 point) Responses
The more you owe, the higher your interest payment will be. There is no
3 answers
asked by
arlyiscool
69 views
To help consumers in this tough economic climate, Pikes Peak Harley-Davidson offered to finance a new motorcycle for qualifying
1 answer
asked by
lo
376 views
Your firm is considering the following three alternative bank loans for $1,000,000:
a) 10 percent loan paid at year end with no
2 answers
asked by
Rebekah
737 views
A $50,000 loan is to be amortized over 7 years, with annual end-of-year payments.
1 answer
asked by
Pam
437 views
You borrow $2,600 and repay the loan in 12 monthly installments of $232.
What was the finance charge per $100 of the amount
2 answers
asked by
Will
974 views
loverdale-Nurseries obtained a $60,000 loan at 7.5% compounded monthly to build an additional greenhouse. Construct a partial
1 answer
asked by
celina
399 views
A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments.
a) calculate the
1 answer
asked by
sasha
779 views
A $8700 personal loan at 5.5% compounded monthly is to be repaid over a 4 year term by equal monthly payments.
a) calculate the
1 answer
asked by
sasha
709 views
Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple interest on the remaining balance of the loan in semi-annual
2 answers
asked by
Renee
912 views
I loaned Johnnie $5000.00 to be repaid $250.00 monthly loan past due nothing was every paid / interest rate is 10% what does
2 answers
asked by
treasure roy
822 views
Write a program that will give the interest rate for a new car loan based on a credit score.
Credit score Interest Rate 850-720
1 answer
asked by
saleh
340 views
Raisel borrowed money from Irlene and agreed to pay back $400 today and $300 in 5 years. If Raisel has a lot of money available
2 answers
asked by
kerry
477 views
13. Joyce took out a loan for $21,900 at 12 percent on March 18, 2007, which will be due on January 9, 2008. Using ordinary
1 answer
asked by
Anonymous
403 views
If the interest rate on a $250,500 loan is 6½ percent for a term of 30 years, what is the principal and interest (PI) payment
1 answer
asked by
kathey
368 views
Matty Kaminsky owns a new Volvo. His June monthly interest was $400. The rate is 8 ½ percent. Matty's principal balance at the
2 answers
asked by
Maury
585 views
You are the chief executive officer of Money Games Inc.(MGI), which has begun to market Borrow & Spend, a video game set in the
1 answer
asked by
Shennell Witcher
427 views
Which statement is true about an annual percentage rate (APR)?(1 point) Responses It is reduced every time you make a payment.
3 answers
asked anonymously
51 views
Which is true of variable-rate loans?(1 point) Responses The rate can only go up. The rate can only go up. The interest rate can
3 answers
asked anonymously
53 views
If you borrow $10,000 over five years, at the end of the five years, what will you have paid?(1 point) Responses less than
3 answers
asked anonymously
67 views
Tony opened a hot dog stand last April. He borrowed $6500 to pay for the stand and startup inventory, and he agreed to pay
3 answers
asked by
Shelby
44 views
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