1. algebra

    my scenario, to start a small business you will need a loan of $50.000 to purchase the restaurant. The bank interest rate 9% that compounds monthly for 7 years. What is the monthly payment for this loan, what is the fomula that you will use and the values

    asked by Becky on November 12, 2012
  2. math

    unpaid balance at the end of the 10th year? loan amount of 250,000

    asked by Isabel on March 21, 2011
  3. Math

    what is the unpaid balance at the end of the 10th year on a 30 year loan on 250000 loan

    asked by E on May 7, 2011
  4. Algebra

    what Is the unpaid balance of this loan at the end of the 10th year if you are buying the home for $250,000 with a Interest rate of 6%?

    asked by Anonymous on June 17, 2011
  5. CTU

    Part IV: You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate

    asked by Johjoh on August 13, 2012
  6. Math 141

    You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9%

    asked by Sherry on March 27, 2012
  7. Algebra

    You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9%

    asked by Kimberly on December 15, 2011
  8. Algebra

    You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9%

    asked by Kimberly on December 15, 2011
  9. math

    You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks

    asked by Tonia on August 8, 2011
  10. math

    You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks

    asked by tammy l on March 13, 2011
  11. Algebra

    You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks

    asked by Anonymous on March 21, 2011
  12. algebra

    You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks

    asked by Anonymous on March 20, 2011
  13. ALGEBRA

    Part III: Mathematics of Finance You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of

    asked by tammy lo on March 15, 2011
  14. 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,

    asked by Norah on September 25, 2011
  15. math ( having difficulty)

    Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000. The additional paid-in capital account balance increased

    asked by samantha on September 12, 2015
  16. algebra

    a small business loan in the amount of 50,000 need to interest rate of 9% that compounds monthly for 7 years. What is the payment for 7 years, need formula for this. And what is the balance of the loan at the end of the 1st year? Show the formula used for

    asked by Becky on November 12, 2012
  17. Business math

    $50,000 loan at 9% for 7yrs. What would be the unpaid balance at the end of the 6th year?

    asked by Carrie on March 27, 2012
  18. Math

    A man bought a house for 76,000. he made a down payment of 26,000 and agreed to pay 2,500 each year with a interest of 14% on an unpaid balance. His payment at the end of the second year was?

    asked by Lin on August 8, 2013
  19. accounts

    Mr. X purchased 2 machinery on a hire purchase system . he pays rs 125,000 down and 150,000 at the end of second yr, fourth year, sixth year. Interest is charged by vendor @ 10% p.a. with 2 yearly, rest on unpaid balance. Calculate the amount of interest

    asked by Deepali Upadhyay on May 24, 2016
  20. math

    A $15,000 debt is to be amortized in 12 equal semiannual payments at 5.5% interest per half-year on the unpaid balance. Construct an amortization table to determine the unpaid balance after two payments have been made. Round values in the table to the

    asked by Katelyn on December 11, 2012
  21. need help!

    I posted a question and didn't get it answered, why? The Joseph, Inc. uses the accrual basis of accounting. Joseph's insurance expense account had a $23,000 balance at the end of the year. The prepaid insurance account had a $6,000 balance at the beginning

    asked by Larry on March 15, 2016
  22. math

    Question: The price of a home is $180,000. The bank requires a 10% down payment. After the down payment, the balance is financed with a 30 year fixed mortgage at 6.3%. Determine the unpaid balance after ten years. Answer: The unpaid balance after ten years

    asked by tracy on November 5, 2012
  23. Math

    The Joseph, Inc. uses the accrual basis of accounting. Joseph's insurance expense account had a $23,000 balance at the end of the year. The prepaid insurance account had a $6,000 balance at the beginning of the year and a $3,000 balance at the end of the

    asked by Larry on March 15, 2016
  24. math

    Suppose your bank account was worth $1000 at the beginning of last year. If your balance increased by 3% during the first half of the year and by 2% during the second half, what was your balance at the end of the year?

    asked by Anonymous on February 10, 2014
  25. Precalculus

    you borrow $5,000 from your parents to purchase a used car. The arrangements of the loan are such that you make payments of $250 per month toward the balance plus 1% interest on the unpaid balance from the previous month. (a) Find the first year monthly

    asked by bob on February 6, 2018
  26. Math 123

    carolyn borowed $125 if the interest rate is 1.5% per month on the unpaid balance and she does not pay this debt for 1yr how much interest will she owe at the end of the year

    asked by Yenny on April 16, 2011
  27. Math

    I need help with this problem. Jason's credit cards beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of groceries. Credit card charges 24% annual percentage rate

    asked by Princess on January 17, 2011
  28. Computer Programming using python

    Write a program to calculate the credit card balance after one year if a person only pays the minimum monthly payment required by the credit card company each month. The following variables contain values as described below: balance - the outstanding

    asked by Anonymous on October 24, 2013
  29. Computer Programming using python

    Write a program to calculate the credit card balance after one year if a person only pays the minimum monthly payment required by the credit card company each month. The following variables contain values as described below: balance - the outstanding

    asked by Anonymous on October 28, 2013
  30. Math

    Your Aunt will give your $1,ooo if you invest it for 10 years in an account that pays 20% interest compounded annually. That is, at the end end of each year your interest will be added to your account and invested at 20%. What will your account be worth at

    asked by Natalie on August 30, 2006
  31. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that

    asked by abiola olumide on December 18, 2013
  32. Computer science

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that

    asked by Owoeye seyifunmi on December 22, 2013
  33. Finance

    Your firm is considering the following three alternative bank loans for $1,000,000: A) 10 percent loan paid at year end with no compensating balance. B) 9 % laon paid at year end with a 20% compesating balance. C)6% loan that is discounted with a 20%

    asked by patricia on February 12, 2012
  34. math

    What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.)

    asked by Anonymous on March 13, 2012
  35. bus math

    the loan is$ 50,000 at 9%for 7 years ? what is the first payment and the unpaid balance after the first year

    asked by mary on February 6, 2011
  36. Accounting

    Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock

    asked by Robert on January 10, 2010
  37. Math

    Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock

    asked by Robert on January 11, 2010
  38. computer programming

    Paying Off Credit Card Debt Each month, a credit card statement will come with the option for you to pay a minimum amount of your charge, usually 2% of the balance due. However, the credit card company earns money by charging interest on the balance that

    asked by abiola olumide on December 18, 2013
  39. PreCalculas help

    Suppose you sign a contract for an annual salary of $50,000 with a guaranteed raise of 5% each year. 1.Write your salary for the next n years as a geometric sequence in explicit form. 2.What will your salary be in year 5? 3.How much will you have earned in

    asked by Anonymous on November 30, 2015
  40. Maths

    Jason’s credit card’s beginning unpaid balance for August is $2,000. During the August billing cycle he made a payment of $200 and used card to purchase $50 worth of grocery. Credit card charges 24% annual percentage rate and uses the unpaid balance

    asked by Prince on September 20, 2011
  41. Finance - Annuities

    Natasha plans to deposit $4,000 per year in her account for each of the next 4 years. Thereafter, she expects to deposit $1,500 per year for another 4 years. All deposits are made at year-end. Interest rates are expected to be 8 percent for the next 2

    asked by Niki on January 27, 2014
  42. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead is a constant amount

    asked by Anonymous on October 28, 2013
  43. Computer Programming using python

    Now write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months. By a fixed monthly payment, we mean a single number which does not change each month, but instead is a constant amount

    asked by Anonymous on October 24, 2013
  44. business math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The

    asked by Donna on June 20, 2007
  45. Business Math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The

    asked by Donna on June 20, 2007
  46. Math

    Consider a system of notebook computers for a college math laboratory. The set of computers costs $10,000 and will be salvaged for $2,000 at the end of a 3-year period. Prepare a depreciation schedule using a 150%-declining balance rate for the system. The

    asked by Khandi on July 29, 2008
  47. Math

    Suppose you take out a 45​-year ​$100,000 mortgage with an APR of 6​%. You make payments for 2 years ​(24 monthly​ payments) and then consider refinancing the original loan. The new loan would have a term of 20 ​years, have an APR of 5.9​%,

    asked by BB on April 18, 2019
  48. Finance Accounting

    Blankenship Company estimated that its warranty expense would be $4,250 for the current year. During the year Blankenship paid $920 to repair merchandise that was returned by customers. a) What is the amount of warranty expense for the current year? b) If

    asked by Renee on December 11, 2012
  49. Profit & Loss

    how do i calculate this problem? A and B are in partnership sharing profits and losses in the ratio 3:2 respectively. Profit for the year was $86,500. The partners’ capital and current account balance at the beginning of the year: Current accounts – A

    asked by Peaches on February 13, 2010
  50. Accounting

    How do you calculate the 'Capital stock at the end of the year' with the following information? Revenues: $375,000 Expenses: $297,000 Net Income: $78,000 Retained earnings at the beginning of the year: 0 Retained earnings at the end of the year: $68,000

    asked by Rhea on January 7, 2011
  51. Finance

    Find the finance charge in the open end charge account. Assume interest calculated is on the unpaid balance of the account Unpaid balance $611.80 Monthly interest rate 1.1%

    asked by Kate on February 21, 2013
  52. Financial Accounting

    Use the following information to answer multiple-choice questions 5 and 6. At the end of the year, before any adjustments are made, the accounting records for Sutton Company show a balance of $100,000 in accounts receivable. The allowance for uncollectible

    asked by Anonymous on April 30, 2013
  53. maths

    A man borrows Rs 18000 at 5% per annum compound interest .If he repays Rs 6000 at the end of the first year and Rs 8000 at the end of the second year; how much should he pay at the end of the 3rd year in order to clear the account?

    asked by Anonymous on February 4, 2013
  54. Finite Math

    Five years ago, Diane secured a bank loan of $370,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 years, and the interest rate was 10% per year compounded monthly on the unpaid balance. Because the

    asked by Micaela on December 6, 2018
  55. Algebra CTU

    What is the unpaid balance of the business loan of 50,000 with interest rate of 9% compounded monthly for7 years, after the firt year of payments?

    asked by Vicki on December 20, 2012
  56. Math

    Construct the amortization schedule for a 15,000 debt that is to be amortized in 10 equal semiannual payments at 6% interest per half-year on the unpaid balance

    asked by Brandon on March 5, 2017
  57. Finance

    9. H Corporation is considering a training program that cost $600,000. Anticipated benefits are $60,000 in the first year, $75,000 in the second year, $85,000 in the third year, and $95,000 in the fourth year. Benefits will decline 8 percent a year after

    asked by Shiva on March 28, 2014
  58. Finance

    An initial outlay of $10000 resulting in a free cash flow of $2000 at end of year 1, $5000 at end of year 2, and $ 8000 at end of year 3. Determine the internal rate of return to the nearest percent ?

    asked by SARA on January 9, 2010
  59. Math

    Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary? Yi Chen made a $6,400 investment at the beginning of a year. By the end the year,the value of the investment had decreased by 8.2%. What was its value at the end

    asked by Danielle on March 6, 2008
  60. Finite Math

    Five years ago, Diane secured a bank loan of $390,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 years, and the interest rate was 8% per year compounded monthly on the unpaid balance. Because the

    asked by Mikiah on December 6, 2018
  61. Finance Homework/ Have 2nd Part Need Calculate1st

    An investment will pay $100 at the end of each of the next 3 years, $400 at the end of Year 4, $600 at the end of Year 5, and $700 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value? What is its future

    asked by Mat on February 18, 2011
  62. Accounting

    At December 31, 2007, before any year-end adjustments, Bollis Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would

    asked by jimmy on September 20, 2007
  63. math

    Two contestants on the show The Biggest Loser start out weighing the same. At the end of year one, contestant A had lost 10% of his weight while contestant B gained 10% of his starting weight. At the end fo year two, contestant A had gained back 10% of his

    asked by Kurt on January 11, 2011
  64. mcc

    Larry bought a house for $220,000. After one year, its value appreciated (increased in value) by 15%. During the second year, its value depreciated (decreased in value) by 12% from its value at the end of the first year. What was the value of the house at

    asked by Anonymous on May 1, 2013
  65. accrual basis accounting vs. cash accounting basis

    Can someone please check my answers to the following problem. Jack Eagles, a CPA, keeps his accounting records for his practice on the cash basis. During the current year, his clients paid $750,000 in the accounting and tax fees of which $5,000 was paid

    asked by help on October 9, 2006
  66. Math Refinancing Question

    A person purchased a $205,107 home 10 years ago by paying 10% down and signing a 30-year mortgage at 8.1% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 15-year mortgage at 4.5%

    asked by Maxie on January 22, 2014
  67. Financial Accounting

    Hobbs Company started the year with $6,000 of prepaid rent. Hobbs paid additional rent in advance amounting the $12,000. The rent expense for the year was $15,000. What was the balance in prepaid rent on the year-end balance sheet?

    asked by Anonymous on April 25, 2013
  68. economics

    Suppose you wish to invest X dollars in a bank account which pays 5% per year. You want to use this account to pay for costs that appear each year, starting with year 15. The amount you have to pay in year 15 is 276.71 and then the payments grow at a rate

    asked by Rachel on February 13, 2011
  69. finance

    A company began the year with retained earnings of $1,000. Net income for the year was $250, it repaid $350 of its line of credit balance, and it paid dividends to its shareholders of $200. What was the company’s retained earnings at the end of the year?

    asked by cynthia on May 20, 2011
  70. corporate finance

    A company began the year with retained earnings of $1,000. Net income for the year was $250, it repaid $350 of its line of credit balance, and it paid dividends to its shareholders of $200. What was the company’s retained earnings at the end of the year?

    asked by baby on May 28, 2011
  71. Finance

    Need help finding a formula for: Question: Suppose a bank offers you the following deal: You pay to the bank an annuity amount of $A per year over the next 10 years and the bank will in turn pay you $40,000 per year starting at the end of year 11 and

    asked by John on September 29, 2008
  72. MATH

    The chess club had 14 members at the beginning of the year and the membership increased by 50% by the end of the year? a: how many members were there at the end of the year? b: By the end of the next year there were only 14 members. What percent decrease

    asked by Callie on October 30, 2011
  73. finance

    Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is

    asked by Anonymous on July 27, 2014
  74. Finance

    Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is

    asked by Rebekah on November 17, 2012
  75. health care finance

    Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is

    asked by Anonymous on July 27, 2014
  76. Managerial finance 4A

    Mr Paul is identified three investment opportunities that he is considering.one is investment A that is expected to pay N$800.00 ayear for three years,followed by N$1000.00 per year for four years. it will pay N$2000.00 at the end of the eighth year.

    asked by Lucy on January 20, 2017
  77. infinite math

    Hey guys! really need help with this one!!! On December 31, 1995, a house is purchased with the buyer taking out a 30-year $90,000 mortgage at 9% interest compounded monthly. The mortgage payments are made at the end of each month. Calculate: (A) the

    asked by tommy on April 1, 2012
  78. finance

    You may to invest in a coffee plantation in South Australia. The investment promises to pay $5,000 at the end of year 3, $5,000 at the end of year 4, $5,000 at the end of year 6 and $10,000 at the end of year 10. Similar investments return approximately

    asked by solooloo on August 28, 2014
  79. Finance

    2. You are now considering adding a corporate bond to your investment portfolio. The bond was issued last year to have 10 years to maturity (so it has 9 years remaining to maturity from today) The bond has an 8% coupon, and was sold at par ($1,000) when it

    asked by rongbo on February 26, 2012
  80. Business Math

    a new piece of equipment cost $18,000 with a residual value of $600 and an estimated useful life of five year. Assuming twice the straight-line rate, the book value at the end of year 2 busing the declining-balance method

    asked by KayKay on July 7, 2016
  81. Finance

    Rebecca is 25 and considering going to graduate school so she sits down to calculate whether it is worth the large sum of money. She knows that her first year tuition will be $52,000, due at the beginning of the year (that is, right away). She estimates

    asked by SANTANU GHOSH on December 24, 2018
  82. MATH (REFINANCE MORTGAGE)

    A person purchased a 225463 home 10 years ago by paying 10% down and sighning a 30 year mortgage at 8.7% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20 year mortgage at 4.2%

    asked by Jugrnot on January 30, 2012
  83. Math

    You deposit $10,000 at 5% per year. What is the balance at the end of one year if the interest paid is (a) simple interest (b) compounded monthly

    asked by MIKE. on April 25, 2011
  84. math

    Malinda has a savings account set up so that her monthly interest -0.1% of the balance of her savings accounts is given to her as a check at the end of each month. If her savings account has a balance of $1,500 all year. What will be the total amount of

    asked by orlando on December 17, 2014
  85. ACCT

    The question is: In the journal provided, prepare year- end adjustments for the following situations. Omit explanations. a. accrued interest on notes receivable is $105 b. of the $12,000 received in advance of earning a service, one third was still

    asked by Tan on March 1, 2012
  86. health services

    A firm's owners' equity at the start of the year is $700,000. During the year, the firm earned $500,000 in revenue and incurred $400,000 in expenses, what would be the balance in equity at the end of the year.

    asked by monica on August 28, 2010
  87. Accounting

    Assume that at the beginning of 2000, Quick Travel, a FedEx competitor purchased a used Boeing 737 aircraft at a cost of 60,000,000. Quick Travel expects the plane to remain useful for 5 years (5 million miles) and to have a residual value of 5,000,000.

    asked by Ronnie on January 1, 2010
  88. bussiness fianace.

    • You deposit $5,000 into a 3-year certificate of deposit account that pays an annual compound interest of 3.0%. When the CD period is up, you roll the entire balance over into another 3-year CD paying 3.5%. How much will you have at the end of 6 years?

    asked by Anonymous on August 21, 2012
  89. math

    A person purchased a $204,815 home 10 years ago by paying 10% down and signing a 30-year mortgage at 10.2% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 30-year mortgage at 5.1%

    asked by Ciara on October 4, 2014
  90. REFINANCE MATH PROBLEM

    I screwed up the first post with this question so re posting to find some help. A person purchased a 225463 home 10 years ago by paying 10% down and sighning a 30 year mortgage at 8.7% compounded monthly. Interest rates have dropped and the owner wants to

    asked by Phil Rewa on January 30, 2012
  91. accounting

    a) Use the following data to compute averafe revenues per store, capital spending per new store, and ending inventory per store. b) Assume 200 additional stores will be added by the end of year +1 and assume that each new store will be pen for business for

    asked by Bob on April 14, 2008
  92. Accounting Math

    Can anyone please show me the calculation for these problems: Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net Income for the year is $25,000, and no dividends are paid. How much is owner’s equity at the end of the

    asked by Peaches on September 13, 2009
  93. math

    A person purchased a $250000 home 5 years ago. he paid 20% down and signed a 30-year mortgage at 6% compounded monthly. what is the unpaid balance of the loan (now that 5 years are gone). i need answer with explanation

    asked by yassamin on March 14, 2013
  94. Math

    I don't think I am understanding this question. Question: A zoo started with 16 cranes and panned to hatch 20 chicks. A few birds were kept for breeding and the rest realeased into the wild. At the end of last year, a total of 136 cranes had spent some

    asked by Lena on June 7, 2009
  95. Business Math

    (DEPRECIATION SCHEDULE E) E.Office furniture for a set of executive suites costs $12,000.00 and should be replaced after 5-years. The salvage value is $3,000. Prepare a depreciation schedule using a double-declining balance rate for the system. It should

    asked by NelsonJ on October 6, 2007
  96. math

    A $15,000 debt is to be amortized in 12 equal semiannual payments at an annual interest rate of 11% on the unpaid balance. Construct an amortization table to determine the unpaid balance after two payments have been made.

    asked by Haley on June 26, 2014
  97. simple intrest

    My daughter brought home a work sheet and I have no clue where to begin to help her and she seems to have no clue either. the questions are 1. Find the final balance in each account. $800 at 4.25% simple intrest for 6 years 2. $2,000 at 6% compounded

    asked by Veronica on February 20, 2007
  98. 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.

    asked by INDIANA on May 24, 2012
  99. finite math

    The Taylors have purchased a $170,000 house. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 9%/year on the unpaid balance. Interest computations are made at the end of each month. If the loan is to

    asked by corey carter on November 11, 2016
  100. math

    Need help with math problem. Tom has an unpaid balance of $2,115.75 on his credit card statement at the beginning of June. He made a payment of $85.00 during the month. If the interest rate on Phil's credit card was 11% per month on the unpaid balance,

    asked by John on February 13, 2011