Finance

posted by .

Calculate the simple interest and maturity value.

Principle $16,000

Interest Rate 4%

Time 18 mnths

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    the total amount of interest on this loan of $6000 for 150 days is $210.50. what is the rate of interest on this loan?
  2. 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 …
  3. Math

    Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal√óRate√óTime) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put …
  4. Finance

    Bond value and time--Constant required returns Pecos Manufacturing has just issued a 15-year, 12% coupon interest rate, $1,000-par bond that pays interest annually. The required return is currently 14%, and the company is certain it …
  5. Finance

    Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate?
  6. math

    1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. 2. 8. A $15,000 T-bill is purchased …
  7. math/Finance

    I want to know the formula to use 1. A 120-day simple discount promissory note for $12,000 with a simple discount rate of 9% was signed on July 14. It was discounted on August 30 at 9.5%. Find the proceeds at the time of the sale. …
  8. MATH

    Calculate the maturity value of a simple interest, eight-month loan of $15,000 if the interest rate is 4.5%.
  9. mth

    Calculate the maturity value of a simple interest, eight-month loan of $15,000 if the interest rate is 4.5%.
  10. FINANCE

    10. Bond prices and interest rate An 8 percent coupon bond with 15 years to maturity is priced to offer a 9 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.5 percent. What is the change in price …

More Similar Questions