Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Interest Calculations
APR Calculation
what is the interest charge with 10.90% APR (annual percentage rate) on a balance of $7100.00
1 answer
Just multiply 7100 times .109 since it is the apr.
You can
ask a new question
or
answer this question
.
Similar Questions
Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly.
T
Top answer:
To find the final balance using the compound interest formula, we need to substitute the given
Read more.
You are given two choices for paying for the roof repair: loan X and loan Y.
Loan X: Terms: Credit limit Cash advance Interest
Top answer:
A. loan X
Read more.
1. Calculate the interest charge on a $5,000 balance with your current 16.5% annual interest rate.
2. Calculate the interest
Top answer:
Did you mean the monthly interest charge? I will assume that Charge = 5000(.165)/12 = ... do the
Read more.
Which statement is true about an annual percentage rate (APR)? (1 point)
A.It is of little interest to the average borrower. B.It
Top answer:
D. It is a simple way to compare all the various elements of different loans.
Read more.
Im having a little trouble can someone please help me. Im not sure if my answers were right or what the rest would be.
1.
Top answer:
1. The correct answer is c. Internal Rate of Return. To determine the Internal Rate of Return, you
Read more.
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR),
Top answer:
how much is 1.1% of 30000
Read more.
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR),
Top answer:
Right.
Read more.
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR),
Top answer:
To solve for the interest rate of your credit card, we can use the formula for simple interest: I =
Read more.
average daily balance . find the credit card finance charge for the month of august (31 days) the annual interest rate is 18%
Jul
Top answer:
Using the average daily balance method and the information​ given, find the credit card finance
Read more.
Assume we invest $2000 for one year in a savings account that pays an APR (Annual Percentage Rate) of 10% compounded quarterly.
Top answer:
2000 x 0.10/4 = interest at end of quarter 1. Then 2000 + interest = total and I'll call that a.
Read more.
Related Questions
Find the APR (true annual interest rate), to the nearest half percent, for the following loan.
Amount Financed = $1200 Finance
The balance in an account triples in 20 years. Assuming that interest is compounded continuously, what is the annual percentage
Mr. Flores opened an account with a deposit of $5,000
The account earned annual simple interest. He did not make any additional
Which statement is true about an annual percentage rate (APR)?(1 point) Responses It is equal to the interest rate times the
Secured Unsecured
Credit APR APR Excellent 4.75% 5.50% Good 5.00% 5.90% Average 5.85% 6.75% Fair 6.40% 7.25% Poor 7.50% 8.40% Use
Suppose you have a credit card with an 20.4% annual interest rate, and the statement balance for the month is $8,600. Suppose
You invested $4000 in a fund for 2 years and was paid simple interest. The total interest that you received on the investment
When Beth finishes college, she has a balance of $2876.37 on a credit card with an annual percentage rate (APR) of 17.3%. She
When Beth finishes college, she has a
balance or $2876.37 on a credit card with an annual percentage rate (APR) or 17.3%. She
Assume an investment of $100 earns an APR (Annual Percentage Rate) of 5% compounded annually.
The balance after 190 years will be
