calculate the interest on a A 9000 loan: for 2years at 3% Simple intereat per annum

Q: Find the present value of an ordinary annuity with deposits of $6,507 quarterly for 6 years at 4.4%…

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Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?…

A: When the interest is simple, then the formula used is A=P(1+rt), where, A is the final amount, P is…

Q: Assume the monthly payment of a loan amount of $400,000 is $1450.  How long will it take to retire…

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Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: A $3,000 demand loan was advanced on September 30. Fixed monthly payments of $1000 were required on…

A: Answer: $ 3016.88

Q: Use the appropriate formula to find the amortization payment (in $) you would need to make each…

A: Given Loan amount, L=$6500, Rate of interest, r=24% compounded monthly and Time, t=3 years…

Q: Consider a home mortgage of ​$200,000 at a fixed APR of 4.5​% for 25 years.   a. Calculate the…

A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: A loan of $302,000 at 4.92% compounded quarterly was to be settled with month-end payments of…

A: We will apply the compound interest formula to solve the question

Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given: P = $ 7500 r= 13% Time period in days, n = 136 (not including the due date)

Q: Compute the monthly payments for an add-on interest loan of 2410 with an annual interest rate of 12%…

A: Principal = 2410  Interest rate = 12%  Time = 5years = 60 months

Q: Consider a home mortgage of ​$150,000 at a fixed APR of 9​% for 25 years.   a. Calculate the monthly…

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Q: Calculate

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Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $460…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Determine the accumulated balance: $5000 invested in a bond that earns interest at an APR of 3.9 %…

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Q: No payments were made on a $2,598 loan during its three-year term. What was the annually compounded…

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Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 16 quarterly…

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Q: Use the add-on method for determining interest on a loan of $1400, with an annual rate of 9% and a…

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Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

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Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: The main objective is to find the periodic payments on the given loan.

Q: Find the payment necessary to amortize a 4% loan of $2300 compounded quarterly, with 15 quarterly…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To find- Determine the periodic payments PMT on the given loan or mortgage. $600,000 borrowed at 3%…

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

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Q: Consider a home mortgage of $175,000 at a fixed APR of 9​% for 20 years.   a. Calculate the monthly…

A: Given problem Given that   Consider a home mortgage of $175,000 at a fixed APR of 9​% for 20 years…

Q: Find the payment necessary to amortize a 4% loan of $1600 compounded quarterly, with 9 quarterly…

A: Given that , P=1600r=4%=4100=0.04n=9 find the payment size to authorize the loan.

Q: Find the monthly payment for a loan of $350,000 for a term of 30 years at an interest rate of 5%

A: We have to find the monthly payment

Q: Find the present value of an ordinary annuity with deposits of $15,590 every 6 months for 3 years at…

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Q: Consider a home mortgage of ​$150,000 at a fixed APR of 4.5​% for 15 years.   a. Calculate the…

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Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

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Q: A property was purchased for $5564.00 down and payments of $822.00 at the end of every three months…

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Q: Find the simple interest on a loan of $15,500 at 8.2% interest for 10 months

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Consider a home mortgage of $250,000 at a fixed APR of 6% for 30 years. a. Calculate the monthly…

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Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

Q: Find the difference between simple interest and compound interest on a savings deposit of fifty…

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Q: Determine the interest to be paid from a loan of $6560 borrowed at 5.1% compounded quarterly for 4…

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Q: Find the simple interest on a $4,520 principal, deposited for 6 years at a rate of 2.25%. Round to…

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Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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Q: Consider a home mortgage of ​$250,000 at a fixed APR of 12​% for 30 years.   a. Calculate the…

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Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: Month-end payments of $1,420 are made for 8 years to settle a loan of $121,220. What is the…

A: We have to find rate of interest in this question.

Q: jim borrows $500 at 17% per annum compounded quarterly for 2 years. Determine the interest due on…

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Q: Calculate the amount of simple interest you would pay on a loan of $20,000 at a rate of 5.6% per…

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Q: Consider a home mortgage of ​$150,000 at a fixed APR of 4.5​% for 15 years. b. Determine the…

A: We will find the answers to all the parts as following.

Q: Find the monthly house payments necessary to amortize a 9.6% loan of $145,900 over 15 years. The…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given data: The given principal is P=$400,000. The given rate of interest is r=8%=0.08. The given…