1. business mathematics

    find the total amount due on a loan of N80,000.00 at 18percent simple interest at the end of 4months. (2)question is find the total amount due on a loan of N600,000.00 at 12percent simple interest at the end of 3years. Pls i need answer
  2. 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
  3. 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
  4. 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.
  5. 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
  6. math

    . Cimarron Homes Inc. purchased a snow plow for $57,000 and financed the full amount for 5 years at an annual simple interest rate of 9%. a. Find the interest due on the loan. b. Find the monthly payment
  7. 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 %.
  8. math

    joe borrows $4,000, the loan is for 18 months at 5% interest, whats the total amount due on the loan?
  9. 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
  10. 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
  11. 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
  12. Algebra

    I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? Below is what I have so far. Suppose A is the amount borrowed, r is the interest rate (in decimal
  13. Algebra

    I am trying to work through this problem and am having trouble. Can someone tell me what the "w" stands for in the equation and walk me through the steps? Below is what I have so far. Suppose A is the amount borrowed, r is the interest rate (in decimal
  14. Please Help me with a Finance - Loan problem

    A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company sets up a sinking
  15. 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
  16. Mathematics

    (a)A loan of 12 000 was borrowed from a bank at 14% per annum Calculate (i) The interest on the loan at the end of the first year (ii) The total amount owing at the end of the first year A repayment of $ 7 800 was made at the start of the second year.
  17. math

    Jill Ley took out a loan to pay for her child's education for $60,000 the loan wouls be repaid at the end of 8 years in one payment with an interest of 6 percent the total amount Jill has to pay back at the end of the loan is.
  18. math

    Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is: (Points : 1)
  19. business math

    Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is:
  20. 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
  21. Mathematics

    A loan of 12,000 was borrowed from a bank at 14% per annum. Calculate the interest of the loan at the end of the first year. And the total amount owing at the end of the first year. A repayment was made of 7,800 at the start of the second year. Calculate
  22. Finance - Loans problem please help

    A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company sets up a sinking
  23. 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:
  24. math

    what formula would i use to solve for this: Loan Interest A developer needs $80,000 to buy land. He is able to borrow the money at 10% per year compunded quarterly. How much will the interest amount to if he pays off the loan in 5yrs? You need a loan
  25. math

    Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method?
  26. business math

    . Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method?
  27. 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?
  28. 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?
  29. Exam060321RR Business and Fanance Basic 1

    Jill ley took out a loan for$60,000 to pay for her childs education.The loan must be repaid at the end of the eight years in one payment with interest of 6%.The total amount jill has to pay back at the end of the loan is a$28,800 b.$80,800 c. $88,808
  30. 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
  31. 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
  32. 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?
  33. Math

    A loan of $1,000 is due in 1 year with simple interest at 14 ½% per annum. The debtor pays $200 in 3 months and $400 in 7 months. Find the balance due in 1 year to repay the loan.
  34. 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
  35. math

    The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate of interest on this loan? Round to the nearest hundredth
  36. math

    The total amount of interest on a loan of $6,000 for 150 days is $210.50. Using the ordinary interest method, what is the rate of interest on this loan? Round to the nearest hundredth.
  37. Finance - Loans problem

    Reiny the answer 307.33 you posted at the bottom is coming up incorrect. please if you can help i would be very grateful. A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay
  38. 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
  39. math

    Sandra took a loan of $25,000 and had to repay $29,500. at the end of 3years. At what rate of interest did she get that loan
  40. MAth

    1. John’s loans for his business total $155,000. One of the loans is a SBA loan at 11% interest; the other loan is a Community Business Partner loan whose interest is 6.5% After one year the loans accumulated $12,325 in interest. What was the amount of
  41. 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
  42. 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.
  43. VBA programming

    How to get isnumeric function to display an "error" message when necessary. Sub DetermineinterestSelectCase() Dim loan As Variant Dim interest As Double loan = InputBox("Enter your desired loan amount, from 1 dollar to 5 million dollars.") Select Case loan
  44. Math

    . 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
  45. Math

    A man buys a house for $310,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 8 years. The interest rate on the debt is 11%, compounded semiannually. (a) Find the size of each payment. (b) Find
  46. 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
  47. 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!!
  48. business

    Catherine borrowed $19,000 on June 20, at 10% interest. If the loan was due on September 17, what was the amount of interest on the loan using the exact interest method? (Round to the nearest cent) (Points : 2) $500.01 $273.06 $463.00 $463.29
  49. Math Economics

    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
  50. 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
  51. algebra

    Larry Mitchel invested part of his $32,000 advance at 7% annual simple interest and the rest at 6% annual simple interest. If this total yearly interest from both accounts was $2,050, find the amount invested at each. The amount invested at 7% is.... The
  52. 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
  53. 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.
  54. 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?
  55. 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
  56. Math

    The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments: $41,798.81 Total Interest
  57. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the amount of money invested at
  58. Algebra

    Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to determine the monthly payment amount for a loan is given by (Aw)/1-(1)/(1+w)^m Suppose Alice
  59. Algebra

    Suppose Alice buys a car and obtains a 5 year loan for $25,000 at an interest rate of 6%. Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to
  60. Business Maths

    May. 10, 2010, Leven Corp. negotiated a short-term loan of $705,000. The loan is due Oct. 2, 2010, and carries a 7.06% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date?(Use table
  61. math

    The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, compounded
  62. math

    The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, compounded
  63. 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 at the end of 30 years?
  64. math

    Simple interest the simple interest received from investment is directly proportional to the amount of the investment. By investing $4000 in a municipal bond you obtain interest of $280 at the end of 1year. Find a mathematical model that gives the interest
  65. math

    1.John deposited $40,000.oo in the bank and earned simple interest of 7% per annum for 2 years. calculate the amount he will receive at the end of the 2 year period. 2. Find the simple interest on $15,000.00 invested for 4 years at 12% per annum.
  66. mathematics

    The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments: $39,644.05 Total Interest paid:
  67. math

    Translate the problem into a pair of linear equations in two variables. Solve the equations using either elimination or substitution. State your answer for the specified variable. A student took out two loans totaling $10,000 to help pay for college
  68. 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
  69. math

    Suppose you take out a loan for 180 days in the amount of $13,500 at 11% ordinary interest. After 50 days, you make a partial payment of $1,000. What is the final amount due on the loan?
  70. 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
  71. 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?
  72. Loans

    A borrower received a 30-year ARM mortgage loan for $120,000. Rate caps are 3/2/6 (first adjustment/subsequent adjustments/total over the life of the loan). The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. The
  73. Loan

    Borrower Brown borrowed $8,000 from the bank. He will pay 6% simple interest on the remaining balance of the loan in semi-annual equal PRINCIPAL payments for four years. How much total interest will Borrower Brown pay over the life of his loan?
  74. 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
  75. 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
  76. 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!
  77. Maths

    Find the total amount required to pay off a loan of 16000 plus interest at the end of 8 years if the interest is compounded half-yearly and the rate is 14% p.a.
  78. Math

    You borrow $3200 to buy new kitchen appliances. The simple interest rate is 5%. You pay the loan off after 4 years. What is the total amount you paid for the loan? $___
  79. Math 104

    Five years ago, you bought a house for $171,000. You had a down payment of $35,000, which meant you took out a loan for $136,000. Your interest rate was $5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the
  80. math

    rick borrows 48,000 the loan will be a 10% add-on loan interest will be charged for 2 full years, rick will repay on monthly basis what will the total amount of interest paid,what will be the monthly amount paid,what is true rate interest paid?
  81. Math

    Larry Mitchell invested part of his $27,000 advance at 5% annual simple interest and the rest at 2% annual simple interest. If his total yearly interest from both accounts was $720​, find the amount invested at each rate
  82. MATH PLEASE HELP

    a) How much will the monthly payment on a five yr car loan that changes 8.1% interest (compounded monthly) if the amount borrowed is $12,000? b) How much total interest will be paid over the life of the loan for A i think it's 300?
  83. math

    Five years ago, you bought a house for $151,000, with a downpayment of $30,000 which meant you took out a $121,000 loan. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following
  84. business math

    you take out a loan for $20,000 simple interest loan at 4% on August 21 and in 45 days you pay off $8,000 of the loan. What is your new principal?
  85. Math

    A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 7 years. The interest rate on the debt is 13%, compounded semiannually. (a) Find the size of each payment.
  86. simple interest

    What is the amount after 1 year on $315 invested at 7%, if interest is simple interest? Multiply $315 by .07 to find the interest earned. Add this figure to $315 to find the total at the end of one year.
  87. 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
  88. math

    The total amount of interest on a loan of $6,000 for 150 days is 210.50.Using the ordinary interest method,what is the rate of interest on this loan?Round answer to the nearest hundredth. I know the ordinary interest method is 360 days. My anwser is 8.42%
  89. Economics

    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 semi-annually and a monthly
  90. math

    A credit card company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of two years?
  91. math

    A credit card company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of two years?
  92. Finance

    Five years ago, you bought a house for $151,000. You had a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was $5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the
  93. MATH

    Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following
  94. math

    Two investments earn a total annual income of $2825. One investment is in a 6.75% annual simple interest certificate of deposit. The other is in a 7.25% tax free annual simple interest account. The total amount invested is 40,000. Find the amount in
  95. Math

    Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
  96. Math

    Tonya took out a loan to help pay for her house. She borrowed $50,000 for 15 years at a yearly simple interest rate of 5%. How much interest will she end up paying the bank?
  97. eco

    Suppose a person pays $80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. $400. B. $1,600. C. $160. D. $85. 10. Suppose a loan customer is considering two alternative $22,000 loans. Loan 1 requires payment of
  98. word problem

    A person invests $7,500 part at 5% and the remainder at 4% simple interest. If the total interest at the end of the first year was $346.50, find the amount invested at 4%. total interest=346.5=7500*.05 + x*.04 solve for x. ooopsss, I misread the problem.
  99. Math Finance please help

    Five years ago, you bought a house for $151,000. You had a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was $5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the
  100. math

    Shane invests $7,000 in bonds that earn simple interest of 3%. The interest is payable at the maturity of the bonds after 5 years. Find the total amount that Shane will receive at the end of 5 years.