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math
Richard took a loan of $10,000 at a rate of 5%. If he paid $2,500 in interest, how many years did it take him to pay back the loan?
asked by mandi on August 6, 2012 
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After visiting several automobile dealerships, Richard selects the car he wants. He likes its $11,000 price, but financing through the dealer is no bargain. He has $2,200 cash for a down payment, so he needs an $8,800 loan. In
asked by MM on March 9, 2017 
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Richard likes the car price of $10,000 but financing through the dealer is no bargain.He has $2,000 for a down payment,so he needs $8,000 for the loan.Richard borrows $8000 for a period of four years at an add on intrest rate of
asked by tina on January 31, 2011 
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Richard took a loan of $10000 at a rate of 5%. If he paid $2500 in interest, how long did it take him to pay off the loan?
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Richard took a loan of $10000 at a rate of 4%. If he paid $1600 in interest, how many years did it take to pay back the loan?
asked by betty on September 23, 2011

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Richard purchased a car for $39,905. He made a downpayment of $15,000 and paid $614 monthly for 4 years. Find the APR. Richard was able to payoff the loan at the end of 30 months. Using the Actuarial method find he unearned
asked by Latrice on April 12, 2016 
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Suppose you borrowed $25,000 for a car at an APR of 8%, which you are paying off with monthly payments of $510 for 5 years. a) What’s the loan principal? b) What’s the annual interest rate? c) How many payments do you make in
asked by Emilio on February 21, 2016 
finance
You take out a 30 yr mortgage loan, purchase price is $120,000 put $20,000 down and finances the balance of $100,000 at fixed annual loan rate of 12%, what will be your monthly payment? How much total interest will you have paid
asked by tj on May 4, 2012 
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Calculate the total dollar amount paid for a house purchased for $200,000. The buyer paid $50,000 as down payment and the remaining $150,000 was obtained with a closed mortgage having a 25 year loan at 10% interest compounded
asked by John on June 24, 2013 
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Richard borrowed 170000 dollars from his bank to help finance the purchase of a house. The bank charges interest a rate of 8.9 percent per year compounded monthly. Richard has agreed to repay the loan in equal monthly installments
asked by Lee on March 9, 2013