business/math

posted by .

what is the answer to: you obtain a margin loan of 18000 to puchase some stock. the effective intrest rate on the loan is 7.8%.how much intrest will you pay if you repay the loan in 3 month.

urgent respone needed

  • business/math -

    18,000 * 0.078 = 1,404

    $1,404 / 4 = ?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Business Math

    Terry has an 18-month installment loan for $1,700 at 12% annual interest. Interest is compunded using the Rule of 78. Terry decides to pay back the loan at the end of the first month. 1. What is the total finance charge on the loan?
  2. Intrest

    On Sept 14 Jennifer Rick went to park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on Janauary 27th Assume the loan is on ordinary intrest. What intrest will Jennifer owe on January 27th What is the total …
  3. Simple Intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  4. simple intrest

    ON September 14th Jennifer Rick went to a park bank to borrow 2500.00 at 11 3/4 intrest. Jennifer plans to repay the loan on January 27th Assume the loan is on the ordinary intrest. What intrest will Jennifer own on Jan 27th What is …
  5. Math

    4. Vanna has just financed the purchase of a home for $200 000. She agreed to repay the loan by making equal monthly blended payments of $3000 each at 9%/a, compounded monthly. c. How long will it take to repay the loan?
  6. 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?
  7. business math

    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 repay the loan on Jan.20. Assuming the loan is based on ordinary interest, Janet will pay back interest …
  8. Maths

    Car loan interest rate is 7% loan payment $600 month 36 months left on loan If pay an addition $1000 with next regular $600 payment (due in a month), how much will it reduce the amount of time left to pay off the loan?
  9. math

    Jennifer Rick went to Sunshine Bank to borrow $3,500 at a rate of 10¾%. The date of the loan was September 7. Jennifer hoped to repay the loan on January 15. Assume the loan is calculated using ordinary interest. How much will Jennifer …
  10. Business math

    Karen obtained a $26,000 loan at 4.6% compounded semiannually. a-1. What monthly payment will repay the loan in 8 1/2 years?

More Similar Questions