Math amortization payments

What amortization payment would be required every six months at 14% interest to pay off a loan that is $35,000 with in four years. answer needs to be rounded to the nearest cent.

please check my answer thanks :)

$5,861.37

  1. 👍
  2. 👎
  3. 👁
  1. you have taken an amortized loan at 7.5% for 4 years to pay off your new car, which cost $15,000. after 3 years, you have decide to pay off the loan. find the unpaid balance. assume monthly payments

    1. 👍
    2. 👎
  2. small business loan for 50,000 dollars.interest rate 9% for 6 years. what is the unpaid balance at the end of the 6th year? show the formula used, and the values for each variable to calculate the unpaid balance at the end of the 6th year

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. MATH

    Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is

  2. Algebra 2

    Claire has borrowed $\$5,\!000$. She plans to pay off the loan in full after two payments. She will make one payment in 3 years, then another payment in 6 years. The second payment will be exactly double the amount of the first

  3. math

    You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state you pay nothing until the 12 months are over. When you receive the bill, you forget to

  4. math

    Margo borrows $1400, agreeing to pay it back with 7% annual interest after 14 months. How much interest will she pay?

  1. Finite Math

    The price of a new car is $24,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 10%/year compounded monthly. (Round your answers to the

  2. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but

  3. Math

    You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state that you must pay $100.00/month and that if you miss a payment, you will be assessed a

  4. Math Help Please!!!

    2) Eight months ago, Louise agreed to pay Thelma $750 and $950 six and twelve months, respectively, from the date of the agreement. With each payment Louise agreed to pay interest at the rate of 9.5% pa. from the date of the

  1. math 101

    Stacey has a $8,000 balance on her credit card that has an interest rate of 21%, compounded monthly. (a) If she decides to pay it off over 5 years with equal monthly payments, how much should each payment be? (b) How much interest

  2. math

    What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off

  3. finance

    You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay minimum monthly payment only. You are required to pay only the outstanding interest. You have received an offer in the mail for

  4. math

    Andres Michael bought a new boat. He took out a loan for $24,010 at 4.5% interest for 4 years. He made a $4,990 partial payment at 4 months and another partial payment of $2,660 at 9 months. How much is due at maturity?

You can view more similar questions or ask a new question.