math
posted by Annie .
in 2nd year Adam owed $ 977.53, in the 3rd year he owed $ 1036.18 and in the 4th year he owed $1098.35 how much was the loan originally, and determine the future value of the loan after 10 years

I am pretty sure that you can apply the answer I gave you in
http://www.jiskha.com/display.cgi?id=1327028818
to this question.
Respond to this Question
Similar Questions

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variablerate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semiannually for the first two years and 10.74% compounded monthly thereafter. … 
CYU
what is the monthly payment on a loan of 250,000 with 6% interest that compounds monthly for 30 years how much will be owed in 5 yrs how much will be owed in 10 years 
math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of … 
math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of … 
MATH
CALCULATE $310 LOAN AT THE RATE OF 12% PER YEAR. HOW MUCH INTEREST IS OWED FOR 4 MONTHS 
Math
You need to borrow $20,000 to buy a car. You can only afford to make monthly payments of $200. The bank offers 3 choices: 3year loan at 5%, 4year loan at 6%, and a 5year loan at 7%. a) What’s the monthly payment for each loan? 
Math
marisol owed $384 in interest after a 24 month loan with a simple interest rate of 8.09%. What was the initial amount of the loan? 
Business math
No payments were made on a $3500 loan during its threeyear term. What was the annually compounded nominal interest rate on the loan if the amount owed at the end of the term was $4298.73? 
math 106
A lender oﬀers a choice between two loans. For loan A the lender charges 12% a year compounded 12 times a year. For loan B the lender charges 12.5% a year and compounds it once a year. Is loan A or loan B a cheaper loan for the borrower. … 
Math
A lender oﬀers a choice between two loans. For loan A the lender charges 12% a year compounded 12 times a year. For loan B the lender charges 12.5% a year and compounds it once a year. Is loan A or loan B a cheaper loan for the borrower. …