Finite Math
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MATH
Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 loan with a 5year term and a 3.75% interest rate. She is unsure of her expected monthly profits, so she wants to know the benefit
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Harold took out a 4year amortized loan for $22,000 at 10% to pay his tuition at a technical institute. After 1 year, he refinanced the unpaid balance of $17,291 at a 6% interest rate. (All interest rates are annual interest
asked by Anonymous on April 22, 2017 
Math/Finance
Jasmine is taking out a small business loan for her floral shop. She plans to apply for a $30,000 loan with a 5year term and a 3.75% interest rate. She is unsure of her expected monthly profits, so she wants to know the benefit
asked by Donovan on April 16, 2020 
math
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 4%/a, compounded monthly How long will it take to repay the loan? How much will be
asked by A on July 26, 2019 
Maths
Amortization of a $1000 Loan Interest Monthly payment rate 15yr 20yr 25yr 30yr 9.5% $10.45 $9.33 $8.73 $8.41 10.0% $10.75 $9.66 $9.09 $8.78 10.5% $11.06 $9.99 $9.45 $9.15 11.0% $11.37 $10.33 $9.81 $9.53 11.5% $11.69 $10.66 $10.16
asked by Jen on March 12, 2008

eco
Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. $400. B. $1,600. C. $160. D. $85. 10. Suppose a loan customer is considering two alternative $22,000 loans.
asked by matt on May 26, 2011 
Accounting
1. The price of a bond is equal to the sum of the interest payments and the face amount of the bonds. 1. True 2. False 2. When a corporation issues bonds, it executes a contract with the bondholders, known as a bond debenture. 1.
asked by Tasha on July 25, 2010 
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Loan amount = $10,000 Monthly payments = $258.50 Time of loan contract = 5 years True annual interest rate (to the nearest tenth) =
asked by wilton on May 5, 2014 
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The Sandersons are planning to refinance their home. The outstanding principal on their original loan is $100,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new
asked by Anonymous on September 23, 2014 
Business finance
In a discount interest loan, you pay the interest payment up front. For example, if a 1year loan is stated as $10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x $10,000 = $1,000 immediately, thereby
asked by Bryan on January 10, 2011 
Finance
Loan Payments  If you take out an $8,000 car loan that calls for 48 monthly payments APR of 10 percent, what is your monthly payment? What is the effecgive annual interest rate on the loan? the montly rate is 0.10/12=.0083333...
asked by Antoinette on March 18, 2007
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