Post a New Question

loan 1000 for 6 months at 6% simple interest what is the future value

39,286 results

future value for simple interest
a 5000 loan, taken now with a simple interest rate of 4% per year, will require a total repayment of 5400dllrs. After how many years t will the loan mature?

Business Math icom 1
Find the ordinary interest in a loan of Rs.2600 at 10 % simple interest from January 5 to February 10.? Find the present value of Rs.3600 due in 4 months at 6% interest p.a.? At what annual rate percent of interest would Rs.12500 amount Rs.14375 in 2 years & 6 months.? How ...

math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years

Math
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...

math
Loan #1 Year Amount owed 1 $3796 2 $3942 3 $4088 Loan # 2 Year Amount owed 1 $977.53 2 $1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years No one has answered ...

Math
Anna Cavanaugh loaned her friend Jason 1,000 for 6 months at 6% simple interest. what is the future value of the loan and how much finance charge will Jason pay?

Compound Interest : Future Value and Present Value
Payments of $1800 and $2400 weere made on a $10,000 variable-rate loan 18 and 30 months after the date of the loan. The interest rate was 11.5% compounded semi-annually for the first two years and 10.74% compounded monthly thereafter. What amount was owed on the loan after ...

simple interest rate
Need simple interest rate (rounded to hundreths) on a loan of $3500 which in two months the maturity value was $3583. What is the formula to figure this problem?

anonymous
1.) an account invested in a month market fund grew from $67,081.20 to $67,359.39 in a month. What was the interest rate, to the nearest tenth? 2.)you are due a tax refund of $760. your tax preparer offers you a no-interest loan to be repaid by your refund check, which will ...

algebra
The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent. P=$130, A=171.60, T=4 years

Math
A person takes a simple interest loan at 7.5%. After 6 months, the amount of interest on the loan is $69.64. What was the amount of the loan? Please help me. I have been working on this for awhile.

math
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? Thanks!

MATH
Martin takes out a simple-interest loan at 7.5 %. After 6 months, the amount of interest on the loan is $69.64. What was the amount of the loan? is $522.30 correct

Math Question
Tom Newman took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. after 4 payments the balance is 1,100. he pays off the loan when the next payment is due what is the interest? Is it $9.17 Thanks!!

Math--Please help!!
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

maths
Gary can get two loan, $12,000 at 8% simple interest for 9 months or a $12000 9- month discounted loan at 7% discount. based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Gary choose

Math
Choose the one alternative that best completes the statement or answers the question. Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent. Martin takes out a simple-interest loan at 7.5 %. After 6 months, the ...

Finance
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future value if the interest rate is a simple interest rate? b. What would be the future value if the interest rate is a compound interest rate?

math
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 interest?

financial mathematics
bernard burrows rm8889 at 15%per annum simple interest. he agrees to settle the loan by paying x ringgit, 2x ringgit and 3x ringgit in two months, five months and nine months respectively.find the value of x using the present as the focal date 8889=x(1+0.15*0.16)^_1+2x(1+0.15*...

Math
Jared obtained a simple interest loan for 1200 at a credit union at an annual interest rate o f 5.5%. if Jared paid $1430 to repay the loan, for how many months, was the money borrowed ? ( can you please tell me the steps. thanks )

Math
- Anurag is buying a house for $100,000 and needs a mortgage loan. Bank A wants him to repay the loan in 240 months with monthly payment of $600.72. Bank B wants him to repay the loan in 360 months with a monthly payment of 389.94. Which bank should he choose? Explain. - Kwane...

math
how do you calculate the simple interest on a loan of $18,500 at 11% INTEREST FOR 18 MONTHS?

Math
What is the simple interest on a loan of $18,500 at 11% interest for 18 months?

math
Using the present value formula you deposit $12,000 in an account that pays 6.5% interest compounded quarterly. A. find the future value after one year? B. Use the future value formula for simple interest to determine the effective annual yield?

Math
Charlie wants to buy a $1000 TV in 9 months. How much should he invest now at 13% simple interest to have the money in 9 months?

UAB
a store manager obtained a loan of 25,000, at 6 3/8 % interest, for 15 months to purchase supplies. Find the amount of the simple interest.

Math
Acton choose from two loans offersS: 12,000 at 8% simple interest for 9 months: or a 12,000 9 month discounted loan at 7% discount. Based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Acton choose?

Algebra
This assignment is about a car loan. A financial institution in your community is advertising "Simple Interest Car Loans." Here is their ad. "Looking for an attractive loan for the car of your dreams? Well, look no more. Come in and show us your car deal. We will match any car...

math
1. Shawn Fitzgerald finds a suitable property and agrees upon a selling price of $137,900. The mortgage company requires a 20% down payment and Shawn chooses to finance the property for 30 years at 8%. What is the total amount of interest charged, rounded to the nearest whole ...

Finance
To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1,458 at 12.5% for 1 year?

Help math calc
Find the future value of $700 deposited at 3% for 9 years if the account pays simple interest and the account pays compounded annually? The future value of an account that pays simple interest is what?

Math questions
1. Shawn Fitzgerald finds a suitable property and agrees upon a selling price of $137,900. The mortgage company requires a 20% down payment and Shawn chooses to finance the property for 30 years at 8%. What is the total amount of interest charged, rounded to the nearest whole ...

bussness math
Christina Fox took out a simple interest loan at 5% for 12 months. Her previous balance is $200. What is the interest for the next payment?

Maths Check
Can Please someone check as per below I posted this yesterday and Drwls Answered and I post back the solution. Thanks 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...

math
you borrow $1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay back the loan. how much interest do you pay on the loan? what is the total amount that you pay the bank.

Maths
Car loan interest rate is 7% loan payment $600 month 36 months left on loan If pay an addition $1000 with next regular $600 payment (due in a month), how much will it reduce the amount of time left to pay off the loan?

math
gail borrowed $3600 from a bank to buy a washing machine she pays back the loan in 24 monthly instalments at a simple interest rate of 2% a)calculate the simple interest on the loan b)the total amount to be repaid c)if gail repays the loan in 24 equal instalments ,find the sum...

algebra
$306 was paid for 6 months on a simple interest loan at 8%. What is the principle?

Math
1. Rishi ram obtained an installment loan for $3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments is $516.50. What is the APR? MY ANSWER=0.33% 2. Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 ...

math
Christine took out a 150-day loan for $2000 at 12% simple interest. After 60 days, she decided to make an early payment of $1000. What is the balance due on maturity date of the loan? (Round your answer to the nearest penny.)

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 $9.90 12.0% $12.01 $11.01 $10.53 $10.29 12.5% $...

math
the total amount of interest on this loan of $6000 for 150 days is $210.50. what is the rate of interest on this loan? If not compounded, or simple interest, then Interest=Principal(rateinterest)*time Here time is 5/12 of a year, you are given the interest and principle. ...

FIN
After 12 months of making extra payments, what will be the loan balance? After 12 months of making the regular payment and investing the $50, what will be the loan balance? Under the regular payment and investing option, excluding the tax due on the interest earned, what is ...

math
find the interest paid on a loan $2,200 for three years at a simple interest rate of 9% per year what is the interest on the loan

math
Suppose you borrow $4200 at an annual simple interest rate of 10.5% for a term of 18 months. How much simple interest will you owe? What is the total amount you will have to repay (maturity value)? i am not good at this one working on my problem

Visual Basic 2008 Programming
Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When $1000 is deposited at 5 percent simple interest, the amount grows by $50 each year. When money is invented at 5 percent compound interest, then the amount at the end of each ...

math
1. =SUM(A14,A8) 2. =C8+ 15 3. PMT function {PMT(D4D12,E4,-C4)} What will each of the above formulas do please see if I have the correct answer using excel or another spreadsheet document. 1. Is the sum between the two blocks listed the more blocks the more #'s to the equation...

efe
find the formula for calculating compound interest. If Mr. John Chrystal invests $6,000 today (Present Value) at a compound interest of 9 percent, calculate the Future Value of the investment after 30 years using the compound interest formula. In addition, calculate the Future...

Math
Margaret received $671.50 in cash as proceeds from a loan of $680.00 The discount rate was 10% simple interest. Find the discount period in months. Hummm. With simple interest, a rate of 10% on $680, in one month the balance would be 680*(1+(0.1/12)) = 685.66666. Ergo, the ...

math
The owner of a service station receives a loan of $8,500 at 10.5% for 7 months. Find the amount of simple interest

MATH
Calculate the maturity value of a simple interest, eight-month loan of $15,000 if the interest rate is 4.5%.

mth
Calculate the maturity value of a simple interest, eight-month loan of $15,000 if the interest rate is 4.5%.

Simple Interest & Maturity Value
On September 7, Jennifer Rick went to Park Bank to borrow $3,200 at 11 2/3% interest. Jennifer plans to repay the loan on January 5. Assume the loan is on ordinary interest (ordinary interest uses 360 days a year). Solving for: 1. interest Jennifer will owe on January 5 2. the...

math(simple interest)
A $9,000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days, respectively, after the date of the loan. Calculate the size of these payments if the interest rate on the loan is 7 1/4%. Use the loan date as the focal date.

Math please check answer
1. =SUM(A14,A8) 2. =C8+ 15 3. PMT function {PMT(D4D12,E4,-C4)} What will each of the above formulas do please see if I have the correct answer using excel or another spreadsheet document. 1. Is the sum between the two blocks listed the more blocks the more #'s to the equation...

math
find the marturity value of the loan of $2,300.00 after three years. the loan carries a simple interest rate of 7.3% per year. I came up with $503.70 but not sure if that's right

Math
You have two loans, for 2 years each. The total interest for the two loans is $138. On the first loan, you pay 7.5% simple interest on a principal of $800. On the second loan, you pay 3% simple interest. What is the principal for the second loan?

algebra
john borrowed $650 from credit union . interest rate is 7.9% , and takes loan for 6 months . what will be his monthly payment to repay loan plus interest ?

Business Math
Ignacio obtains a loan of $9,500, at 8.75% interest, for months. Find the amount of simple interest. (Round to the nearest cent) $598.78 $658.07 $701.36 $825.55 The answer I got was $658.07, is that right?

MATH
IF THE LOAN IS FOR $18000 AND THE INTEREST RATE IS 6.5%. iF THE INTEREST PAID IS $4680.0 HOW MANY MONTHS IS THE LOAN FOR?

Survey of mathematics
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...

Urgent! Help please!
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...

Survey of Mathematics
On January 5, Ebony Davis borrowed $6,500 on a simple interest loan from a lending institution to finance her catering business. She borrows the money at a rate of 8.5% with a term ending on December 9. a. Calculate Ebony's interest on the simple interest loan if she waits ...

algebra
Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay? simple interest = P × r × t

math
Sonja needs to borrow $2,251 to pay for her college classes. Sallie Mae is offering her a 4.5% simple interest loan with an interest charge of $405.18 over the life of the loan. How many years is Sallie Mae giving her to pay back the loan with interest?

math
A friend of Seth’s who is a real estate developer needs to borrow $80,000 to finish development project. He is desperate for cash and offers Seth 18%, compounded monthly, for 2 ½ years. Find the future value of the loan using the future value liable. Does this loan meet ...

Maths
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's interest was calculated at the same rate on the balance owing, how much would she have owed after 6 months if she repaid $40 per month? Give your answer ...

Word problem
suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year. 350 x 0.06 = interest in 1 yr. 4/12 of that is the interest in 4 months.

interest
Find the future value an investment of $4720 at 534% simple interest for 9 years.

math (SIMPLE INTEREST)
1.find a)simple interest earned b) simple amount for the following investment i)RM20000 for 4 years 6 months at 11% per annum

VBA Programming
I'm trying to create a macro that asks for a loan between 1 dollar and 5 million, and returns different interest rates based on the amount of the loan. For some reason when I type in different loan amounts it automatically makes my rate ".1", when it should be say ".08", or "....

Math
Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of i) simple interest at 12%, or ii) a loan at 10% compounded monthly. Which loan results in less interest due ? b) What interest rate compounded quarterly will give an effective interest rate of 7% ?

Math
marisol owed $384 in interest after a 24 month loan with a simple interest rate of 8.09%. What was the initial amount of the loan?

Maths
Calculate the total amount (loan and interest)to be paid on a loan of N1 000.00, borrowed for 2 years at a simple interest rate of 10% p.a.

Maths
Solve the problem. Assume that simple interest is being calculated. Round your answer to the nearest cent. Susie borrowed $7500. from a bank for 18 months with interest of 5% per year. Find the total amount she repaid on the due date of the loan. (Use: I=prt)

Financial maths year 9
Sophie borrowed $2000 at a simple interest rate of 15% for 3 years to repay the loan and has $900 in interest. If Sophie's interest was calculated at the same rate on the balance owing, how much would she have owed after 6 months if she repaid $40 per month? Give your answer ...

personal finance
Future value calculations are also referred to as: A. discounting. B. add-on interest. C. compounding. D. simple interest. D?

Math
1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second birthday? My answer= $5,632.46 2. Asia Desai ...

Math - Pre Algebra
Simple and Compound Interest Find the simple interest. principal= $870 interest rate= 6% time= 9 months Please help me I need the answer for tommorow.

math
compute the compound and the interest on a loan of $10,400 compounded annually for 6 years at 12% use the $1.00 future value and compound interest formula

math
In December Corey took out a 1000-dollar loan with monthly interest rate 0.7 percent. In order to pay back the loan, Corey has been paying $87.17 a month since January. Explain why the sequence defined recursively x0=1000 and xn=1.007(xn-1) for positive n describes the balance...

Math
Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)$ 18.00 (b)$ 1,800 (c)$ 180 (d)$ 1.80 (e)$ 18 I put in 2400*9*.10 and it equals 2160 so i don't...

math
Liam borrowed a sum of money from his parents as an interest free loan to help him pay college. We know that 6 months into the loan,owned 17,900 and that 15 months into into the loan he owned 14,750. 1. What is the original amount? 2. How long will it take to pay back? Please ...

Business Math
October 17, I borrowed $6,000.00 at a rate of 4%. I have to repay the loan in 7 months. What is the simple interest and the total amount owed upon maturity?

Math
Mona takes out a $12,000 student loan to help pay for her first 2 years of college, then 2 years later needs another loan for $14,000 to get her through to graduation. She graduates 4 years and 9 months after acquiring the first loan, and payments are deferred until 6 months ...

computer science
When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a program to display the amounts for 10 years ...

Math
The present value of the money in your savings acct is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in 2 months?

Per Calculus
The Washington family can purchase a new home with an 80,000 loan at 6% interest. If the term of the loan is set up to be 20yrs (240 months), what will be there monthly payment toward this loan. Use formula n=-In(1-A(r/12)I P) ______________ In(1 + r/12)

math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?

Math
The present value of the money in your savings account is $420, and you're receiving 3% annual interest compounded monthly. What is the future value in two months?

math
john has a loan but doesn't begin to repay his loan for 11 months, at a rate of $500 every month of four month. the interest rate is 8% compounded monthly determin the size of the loan using the following 2 steps 1. calculate the present value, pv1 of annuity payment at the ...

Finance
Determine the amount of each payment to be made to a sinking fund in order that enough money will be available to pay off the following loan. $29,000 loan, money earns 12% compounded annually, 42 months. I tired doing this using the future value of an ordinary annuity formula...

math
a loan for $2000 with a simple interest rate of 15% was made on September 29th and was due November 30th I have to find the ordinary interest rate and don't know how I know there are 62 days between those two dates with just two months and one day I don't know the rest

math please explian
I know how to do simple interest on a loan but how would I figure compound interest on a loan $8,000 invested for one year at 6% compounded quarterly ? with rounded to the nearest dollar thanks in advance for explaining :)

math
Lin borrowed $950 for a new laptop. She will pay $25.80 each month for the next 48 months. Find the simple interest rate for her loan. (Rounded to the nearest 10th of a percent.)

math
1) Carmen borrowed $1,200 for three months at 10.5% interest. How much interest did she pay for the loan? 2)Zack deposited $1,200 in a savings account that paid 7.75% simple interest. What was the balance in his account at the beginning of the third year? 3)Dan and Dawn ...

8th grade
Ms Pecho currently owes $637.50 in simple interest on a loan of $2500 at an annual interest rate of 17%. How long has she had the loan. This is his problem and I have no clue how to help him but I do know the answer he came up with is 18.77. That seems wrong to me.

Algebra 1
A finance company offers cheaper interest rates if you borrow a larger sum of money for shorter time period. A borrower is offered $7000 at 12% or $10080 at 10%. If the tome for the lager loan is 6 months less but the total interest is the total interest is the same, find the ...

algebra
To buy both a new car and a new house, Tina sought two loans totalling $260,394. The simple interest rate on the first loan was 3.7%, while the simple interest rate on the second loan was 8.8%. At the end of the first year, Tina paid a combined interest payment of $22,611.73. ...

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. 10
  12. 11
  13. 12
  14. 13
  15. 14
  16. 15
  17. Next>>

Post a New Question