College Algebra
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Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method? (Round to the nearest cent) (Points : 2) $500.01 $273.06
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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
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Dominic pays 5% interest on his $17000 college loan and 9% interest on his $15000 car loan. What average interest rate does he pay on the total $32000 he owes? Round your answer to the nearest tenth of a percent.
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Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 payments, the balance is $1100. He pays off the loan when the next payment is due. What is the interest? Is it $9.17
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Belle had the choice of taking out a four year car loan at 8.5% simple interest or a Five year loan at 7.75% simple interest. If she borrows $15,000, how much interest would she pay for each loan? Which option requires less
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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
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You'd also need to know the interest rate, the amount of the monthly payments, and how long you'll have to pay off the loan. The shorter period of time for the loan, the less you'll pay in interest, but the monthly payments will
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