A vendor borrowed $7,500 from their cooperative at 8% a year. If he paid at the end of 1 1/2 years, how much in all did he pay? I am not sure if the answer is $8,400

25,332 results
  1. math

    Consider a student loan of $17,500 at a fixed APR of 9% for 25 years. Calculate the monthly payment, determine the total amount paid over the term of the loan, and of the total amount paid, what percentage is paid towards the principal, and what percentage

  2. math

    Max Wholesaler borrowed $2,000 on a 10%, 120-day note. After 45 days, Max paid $700 on the note. Thirty days later, Max paid an additional $630. Use ordinary interest

  3. accounting

    The following transactions occurred during July: (1) Received $700 cash for photography services provided to customer during the month. (2) Received $1,500 cash from Barbara Hanson, the owner of the business. (3) Received $800 from a customer in partial

  4. Math

    Maria borrowed Rs 1400at the rate of 6% (p.a.)for 8 years and 5 months .Find the amount she paid back?

  5. Amoritizing Loans

    "A woman borrows $6000 at 9% compounded monthly, which is to be amortized over 3 years in equal monthly payments. For tax purposes, she needs to known the amount of interest paid during each year of the loan. Find the interest paid during the first year,

  6. math

    maria borrowed Rs 1400 at the rate of 6%(p.a) for 8 yers and 5 months .Find the amount she paid back?

  7. math

    Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee. The interest paid will be $. Thus, the total finance charge (the interest plus the processing fee) will be $ Therefore, to the nearest tenth, the APR = total finance charge ÷

  8. Finance

    Joshua borrowed $2,300 for one year and paid $138 in interest. The bank charged him an $15 service charge. If Joshua paid the $2,300 in 12 equal monthly payments, what is the APR? (Round your answer to 1 decimal place

  9. math

    Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee. The interest paid will be $95.00, $92.50, or $90.00 Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ? Therefore, to

  10. math

    Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i)t

  11. math

    An amount of $27,000 is borrowed for 6 years at 8.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

  12. Algebra

    algebra 2 trig: A food vendor at a stadium sells hot dogs for $2. At this price, she can sell about 500 hot dogs per day. For every $.25 increase in price, she will sell 25 less hot dogs. The vendor's revenue can be modeled by R=(500-25x)(2+0.25x) Use

  13. Inflation and Actual Rate of Return

    Becka borrowed $500 from her cousin at the rate of 9% per year. If the inflation rate was 2.9% that year, what is her cousin's actual rate of return on the loan?

  14. APR Problem

    Joshua borrowed $1,900 for one year and paid $95 in interest. The bank charged him a service charge of $22. If Joshua paid the $1,900 in 12 equal monthly payments, what is the APR? (Enter your answer as a percent rounded to 1 decimal place.) So, I got

  15. maths --plse help me..

    A fruit vendor buys 300 apples at Rs 50 per dozen. The vendor sold 200 of them at Rs 50 per 10 apples. At what rate per apple should the vendor sell the remaining apples to make an overall profit of 12% ?

  16. Math

    A vendor borrowed $7,500 from their cooperative at 8% a year. If he paid at the end of 1 1/2 years, how much in all did he pay? I am not sure if the answer is $8,400

  17. Pre-Algebra

    problem: Dena borrowed $7500 to buy a used car. The credit union charged 9%(percent it looks kind of funny) simple intrest per year. She paid $2025 in interest. For what period of time did she borrow the money. It would be 3 years. Get how much they charge

  18. math

    A person borrowed Rs.500 @ 3% per annum S.I. and Rs.600 @ 4.5% per annum on the agreement that the whole sum will be returned only when the total interest becomes Rs.126. The number of years, after which the borrowed sum is to be returned, is:

  19. algebra

    Last year, Hans deposited $3000 into an account that paid 5% interest per year and $7000 into an account that paid 4% interest per year. No withdrawals were made from the accounts

  20. math

    Last year, Lucy deposited $3000 into an account that paid 5% interest per year and $7000 into an account that paid 4% interest per year. No withdrawals were made from the accounts.

  21. mth 125

    Janet Jones borrowed $3,000 on 90-day 12 percent note. Janet paid $250 toward the note on day 35. On day 80 she paid an additional $400. Using the U.S. Rule, her adjusted balance after her first payment is

  22. accounting

    Iron's paper Company, whose fiscal year ends December 31, completed the following transactions involving notes payable: Nov. 25 Purchased a new loading cart by issuing a 60day, 10% not for $43,200 Dec. 16 Borrowed $50,000 from the bank to finance inventory

  23. calculus

    An amount of $27,000 is borrowed for 12 years at 3.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.

  24. accounting 201

    I am having trouble figuring out my accounts payable and capital. Any help on going about and solving this would be greatly appreciated. I have listed the data below... Travis Fortney, an architect, opened an office on April 1, 2010. During the month, he

  25. math-finance

    Colin borrowed some money at 7.16%?a compounded quarterly. three years later. he paid $5000 toward the principal and the interest. after another two years, he paid another $5000. after another five years, he paid the remainder of the principal and the

  26. math

    Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee. The interest paid will be $95.00, $92.50, or $90.00 Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ? Therefore, to

  27. 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?

  28. Math

    Sanjay borrowed twice the money borrowed by Alkesh at the same intrest of 12% p.a for 4 years. Ig Alkesh paid Rs 72000 less than the intrest paid by Sanjay, find the money borrowed by them

  29. geometry

    enny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i)t

  30. math- algebra 2

    An amount of $20,000 is borrowed for 13 years at 5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

  31. Math(simple interest)

    A person borrows two equal sums of money at the time at 5% and 3.75% simple interest respectively & finds that if he repays the former sum a year before the latter the amount paid in each case is the same that is Rs.736. Find the total sum borrowed.

  32. maths

    Every year a man is paid Rs 500more than the previous year. If he receives Rs 17800 over four years, what was he paid on the first year

  33. economics

    A company is planning to invest $75,000 (before taxes) in a personnel training program. The $75000 outlay will be charged off as an expense by the firm this year (Year 0). The returns estimated from the program in the forms of greater productivity and less

  34. Precalculus

    A museum borrows $2,000,000 at simple annual interest to purchase new exhibits. Let x represent the amount borrowed at 7%, y represent the amount borrowed at 8.5%, and z represent the amount borrowed at 9.5%. Set up a system of linear equations to

  35. finance

    P5 For the following projects, compute NPV, IRR, MIRR, profitability index, and payback. If these projects are mutually exclusive, which one(s) should be done? If they are independent, which one(s) should be undertaken? Year 0 -1,000 -1,500 -500 -2,000

  36. math

    Ted takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years. What is the formula to figure this out ?

  37. accounting I

    stock outstanding as follows: 15,000 shares of cumulative 4%, preferred stock of $20 par, and 19,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,500; second year,

  38. compound intrest

    she borrowed 32,000 at 3.5% on december 26, 2012, and paid it off February 21, 2014. how much did she pay in intrest?

  39. mathematics

    Ginger earns $18,500 annually and has 22% of her gross earnings withheld. What is the net amount of her paycheck each pay period if she is paid biweekly? 2)Zack deposited $1,200 in a savings account that paid 7.75% simple interest. What was the balance in

  40. Math

    Shawn Bixby borrowed $22,000 on a 150-day, 13% note. After 75 days, Shawn paid $2,500 on the note. On day 106, Shawn paid an additional $4,500. Use ordinary interest. What is the total interest and ending balance due?

  41. college math

    1. Rebecka borrowed $500, $5,000, $3,500, and $2,000 from her dad on September 1 of each of four successive years for college expenses. Rebecka and her dad agreed to a loan at the rate of 3.50% compounded monthly. If it is now 1 year from the last day that

  42. lehman

    Investment A clothing company borrows $700,000. Some of the money is borrowed at 8%, some at 9%, and some at 10% simple annual interest. How much is borrowed at each rate when the total annual interest is $60,500 and the amount borrowed at 8% is three

  43. algebra

    Mary bought a red convertible for $14,000. She paid $1,000 down and borrowed the rest on a one year note at 15% interest. How much will she owe at the end of one year

  44. economics

    Entrepreneurs in the shoeshine stand business earn 11000 a year Joe pays the rent of 500 a year and his total revenue is 16000 a year.he borrowed 600 at 20 percent a year to buy equipment.at the end of the year Joe offered 400 for his business and all his

  45. Algebra

    I really need your help in solving this problem. I really appreciate your time and efforts. Here is the question: An amount of money invested for 1 year in a savings account will earn $ 1,500. The same amount of money invested in a mini-mall development

  46. Math

    A park district paid their director $19,500 in 1960. In 2000 that same park district paid their director $40,000. Determine the average rate of increase per year to the nearest tenth of a percent This is my answer 40,000-19,500=20,500/100=205% is this

  47. Math

    Sue, got a raise at work her current wage was $32.500 a year her new wage is 35.500 a differents of $3.000 per year how do I come up with her hourly wage she is paid is every 26 weeks?

  48. math

    Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.

  49. math

    Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.

  50. algebra

    Dr. Collins borrowed some money to buy new furniture for her office. She paid $720.00 simple interest on a 7.5-year loan at 16%. Find the principal.

  51. Financial Management

    Lansing Inc. has decided to expand. During the last year the company borrowed $5 million for a term of 30 years to finance a new factory, and sold 60,000 shares of stock at $51 per share to pay for new equipment. Lansing also made a payment of $500,000 on

  52. algebra interest word problem

    Steve Marino borrowed $500 from his credit union for 2 years. The simple that he paid was $52.90. What simple interest rate was Jeff charged?

  53. Math

    Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. He calculated the APR to the nearest tenth.

  54. Math

    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 a year? d) What’s the

  55. Algebra II

    Zach borrowed $50,000 to buy a car, put a down payment on a house, and pay for student loans. Some of the money was borrowed at 5%, some at 6% and some at 7%. How much was borrowed at each rate if the annual interest owed was $3,150 and the amount borrowed

  56. Investments

    Javier is considering making a 4 year investment in Guggenheimer Jewelry. The cost to purchase the stock is $500 and he would only purchase 1 share. Javier expects 15% rate of return. Guggenheimer Jewelry typically increases the dividends paid to share

  57. math

    If I borrowed $15000 in April 2008 at 6% interest and have paid $150 per month since then, how much have I paid and how much do I owe?

  58. Financial Accounting

    Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed

  59. Accounting 212

    Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed

  60. algebra

    an individual has two low interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is borrowed at each rate

  61. Finance

    National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are $350,000

  62. accounting

    I need HELP in journalizing the following please: February 1 Paid $3,750 accounts payable balance due to a supplier. March 15 Received $2,500 partial payment on a $5,000 accounts receivable balance. Wrote off the rest of the account as uncollectible. April

  63. busness math

    two vendors are competing for your busness.vendor A is offering you a 6/8/12 discount and vendor B is offering a discount of 7/9/10.what is the single equivalent discount being offered by each vendor(round to the nearest hundredth percent)

  64. economics

    A corporate society charges 3 and a half percent per annum on any amount borrowed by it members. if a man borrowed 125.000 dollars how much does he pay back after one year?

  65. finance

    One Materials Ltd. paid $7,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219. The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805. During the

  66. Accounting

    Harris company borrowed 65,000 by giving 10 year , 6% installment note to Cuba Bank The note requires annual payments of $8832 first payment occuring on the last day of the fiscal year. the first payment consists of interest of $3,900 and principal

  67. Math

    Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of 18 months to clear the

  68. Equivalent Payments

    Belinda borrowed $20,500 at simple interest rate of 4.30% p.a. from her parents to start a business. At the end of 3 months, she paid them $7,100 and $6,900 at the end of 8 months. How much would she have to pay them at the end of 18 months to clear the

  69. home economics

    A company is planning to invest $75,000 (before taxes) in a personnel training program. The $75000 outlay will be charged off as an expense by the firm this year (Year 0). The returns estimated from the program in the forms of greater productivity and less

  70. Science

    To bring his coconut to the market, a distance 15.0m from where he is, a vendor pushes his Carr by a force of 14.0N applied 30• with the horizontal. How much work did the vendor do?

  71. Business Analysis

    Barney Casey borrowed $40,000 from his parents for 2 years. He paid them a total of $45,000 at the end of the 2-year term of the simple interest loan. What rate of interest did he pay his parents?

  72. Maths

    Ravi went to the market and bought 43 apples and paid Rs.559 to the vendor.Write a suitable equation in one variable to represent the data.

  73. math

    Aarthi borrowed $18,500 at 5%p.a from her father tostart her software business. at the end of 3 months she paid him $5,000 and $6,000 at the end of 8 months. how much would she have to pay him at the end of 16 months to clear the balance? pleas answer!

  74. Algebra

    Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. For year one For year two I started with $500. for year one and $525. for year two and added the interest and ended up with 551.25 - and I was wrong...can

  75. Accounting

    Journalize the following transactions and omit the explanations. A. ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on April 8. B. The corporation paid $60,000 for a two-year lease on April 19.

  76. Math

    A customer purchased a car and financed $16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual interest. If the total interest for the year was $1,390 how much was borrowed

  77. math

    If you paid 2,000 a month or 24,000 a year on 200,000 dollars at 5.00% what formula would you use to calculate the interest paid? Thanks The first year you'd pay $10,000 (.05 x $200,000) in interest. The remaining $14,000 of your payment would be applied

  78. finance

    The banks offers a rate of 8 1/4 percent with a 20percentcompensating balance requirement, or as an alternative, 9 3/4 percent with additional fees of 5,500 to cover services the bank is providing. In either case the rate on the loan is floating ( changes

  79. accounting

    4/4/04, Corporation, which has a 12/31 year end authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). The bonds paid interest at a rate of 8% per year and had a term of 6 years. Interest was

  80. math

    Say i have a mortgage of 200,000. One bank offers 5.oo%. The other offers 5.23% How do i calculate the interest paid over say 5 yrs. thanks You haven't given us enough information to calculate the interest. You need to know how much you're paying each year

  81. math

    500 students paid rete of £7.50 and the remainder paid the full adult rete of£10.what was the total amount of money paid to the cinema that night?

  82. investing

    How do I find stock on margin rate of return? This is the question: Ed Delahanty purchased 500 shares of Niagara Corporation stock on margin at the beginning of the year for $30 per share. The initial margin requirement was 55%. Ed paid 13% interest on the

  83. Linear Programming

    Finco must determine how much investment and debtto undertake during the next year. Each dollar invested reduces the NPV of the company by 10¢, and each dollar of debt increases the NPV by 50¢ (due to deductibility of interest payments). Finco can invest

  84. English/Science

    urgently need to talk to one of your science teachers. In particular, I need help to define the objectives for our two-year Comenius project concerning biodiversity in water. This comparative study will be carried out in English. 1) As you know, it will

  85. English/Science

    I urgently need to talk to one of your science teachers. In particular, I need help to define the objectives for our two-year Comenius project concerning biodiversity in water. This comparative study will be carried out in English. 1) As you know, it will

  86. Science

    I urgently need to talk to one of your science teachers. In particular, I need help to define the objectives for our two-year Comenius project concerning biodiversity in water. This comparative study will be carried out in English. 1) As you know, it will

  87. math

    ted takes out a student loan to pay for his college tuition this year. Find the interest on the loan if he borrowed $2,500 at an annual interest rate of 6% for 15 years. Could someone help step by step, I cant seem to get it. Thank you

  88. Math

    25. Edith earns an annual gross salary of $17,500. She has 28% of her gross salary withheld for taxes and other deductions. What is the net pay of each paycheck if she is paid weekly? $274.04 $43.87 $242.31 26. Franklin deposited $1,400 in a savings

  89. economics

    Eric borrowed 515 dollars today and has agreed to pay back in equal monthly installments over 6 years. The bank charges Eric 4.94% per year, compounded monthly. What is the amount that Eric will owe the bank at the end of month 20 (that is, after the 20-th

  90. Accounting

    On April 1, 2013, Ringo Company borrowed $20,000 from its bank by using a 9%, 12 month note, with the interest to be paid on the maturity date. I need to find the interest paid on the maturity date, prepare a journal for it, and then make a reversing

  91. Accounting

    Margie Company needs your help to record and summarize its accounting transactions for 2011 and to prepare its financial statements for that year. Margie Company provided you with the following Balance Sheet for 2010: Assets: Cash $ 57,000 Accounts

  92. math

    How do you find simple interest of something? I have a problem like this: JJ borrowed 21,000 dollars for a car, the finance company gave him an interest rate of 11.4% for 5 years how much will he pay over a 5 year period?? The problem here is that this is

  93. Maths

    Gaga borrowed $2500 at 4% p.a compound interest. She repays $600 at the end of each year. Find out during which year the debt will finish.?

  94. math

    JAB Consulting has a $42,500 line of credit which charges an annual percentage rate of prime rate plus 5.5%. Their starting balance on May 1 was $7,800. On May 5 they borrowed $4,700. On May 13 the business made a payment of $2,000, and on May 19 they

  95. Finance

    lisa borrowed $8000.00 on an 8%, 60 day note after 15 days she paid $2000.00 on the note , on day 45 , she paid $1000.00 on the note. What is the total interest and ending balance due by us rule by ordinary interest

  96. Urgent math

    A couple needs a mortgage of $300,000. Their mortgage broker presents them with two options: a 30-year mortgage at 8 1/2% interest or a 15-year mortgage at 7 3/4% interest. (Round your answers to the nearest cent.) (a) Find the monthly payment on the

  97. financial accounting

    Connection Station, an internet café, had the following operating activities during the month of May: 1. Bought 800 in jump drives and disks, which are available for resale from Office Depot on credit 2. Paid 900 in utilities for the month of may 3. Paid

  98. financial accounting

    I am having trouble figuring out my accounts payable and capital. Any help on going about and solving this would be greatly appreciated. I have listed the data below... Travis Fortney, an architect, opened an office on April 1, 2010. During the month, he

  99. accounting

    The market interest rate for Christian Charities is 8% on January 1, 2008. On that day, Christian Charities issued the following bonds. A. $500,000 7-year 7% bond B. $300,000 10-year 9% bond For both bonds, interest is paid semiannually on June 30 and

  100. math

    you intend to create a college fund for your baby. if you get an interest rate of 5.3% compounded monthly and want the fund to have $123,875 after 17 years, how much needs to be deposited each month? and 1 more jessica used a fixed installment loan from

Pages

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20