# Math Interest Question

A loan of \$8,532 was repaid at the end of 12 months. What size repayment check (principal and interest) was written, if a 9.5% annual rate of interest was charged?

1. 👍 0
2. 👎 0
3. 👁 107
1. AMT = 1.095 * \$8,532 =

1. 👍 0
2. 👎 0
posted by Henry

## Similar Questions

1. ### algebra

a loan of 22,823 was repaid at the end of 12 months. What size repayment check (principal and interest) was written , if a 10.7 % annual rate of interest?

asked by beth on October 23, 2011
2. ### algebra

a loan of 22,823 was repaid at the end of 12 months. What size repayment check (principal and interest) was written , if a 10.7 % annual rate of interest?

asked by beechst on October 23, 2011
3. ### math

loan of \$12571 was repaid at the end of 16 months. what size repayment check ( principal and interest was written if 8% annual tate of interest was charged?

asked by pascy Tshamala on April 18, 2016
4. ### Geometric Prorgession

A bank loan of \$500 is arranged to be repaid in two years by equal monthly instalments. Interest, calculated monthly, is charged at 11% p.a on the remaining debt. Calculate the monthly repayment if the first repayment is to be

asked by Math on September 25, 2012
5. ### mathmatical analysis

a loan of 4000 was repaid at the end of 10 months with a check for 4270. what annual rate of intreste was charged.

asked by Gracy on February 5, 2012
6. ### FINANCE

Now that they have accumulated a deposit of 55,000 Jack and Jill take out a housing loan to purchase a home. The house costs \$755,000. It is to be repaid in equal monthly instalments over a term of 30 years. The interest rate

asked by Anonymous on March 27, 2014
7. ### Math

Find the Due date and maturity value for a \$28,400 loan made to Henry Koolio on March 12 for 6 months at 9% interest. a. A total of \$29,678 must be repaid on September 12. b. total of \$29,678 must be repaid on October 12. c. A

asked by Markus on March 12, 2015
8. ### Math

Find the annual percentage rate on a loan of \$1,500 for 18 months if the loan requires \$190 interest and is repaid monthly.

asked by Chol on July 6, 2014
9. ### math

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 payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is:

asked by Laura on March 18, 2013
10. ### math

Jill Ley took out a loan to pay for her child's education for \$60,000 the loan wouls be repaid at the end of 8 years in one payment with an interest of 6 percent the total amount Jill has to pay back at the end of the loan is.

asked by delia on September 23, 2011

More Similar Questions