These are the assets used to secure the loan. It may be real-estate or other investments. *

Q: What is the simple interest rate of $290, 12.5%, 6 months

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Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: What is the continuous interest rate on a loan for $9,000.00 with a term of 4 months and a future…

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Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

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Q: find the future value of the following loan. Assume simple interest  $4000 for 8 months; money…

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Q: find the maturity value of an investment of $1200 invested at 6% simple interest for 5 years

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Q: How much would be the interest when Bankers Rule was use if a principal of P86, 000 borrowed for 425…

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Q: Calculate the missing information for the installment loan that is being paid off early.   Number…

A: Given : Number of payments = 36 Payments made = 24 Payments remaining = 12

Q: Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to…

A: Ordinary interest method used 360 days in a year. Given :  Principal (P) = $ 71,00 Rate (r ) = 10.4…

Q: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?

A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…

Q: A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is…

A: Given:A payday loan provides short term loans ranging from $250 to $2000. The cost of the loan is…

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Find the future value of the loan of $700 at 4.25% for 7 months O $71893 O $717.35 OS0825

A: Simple Interest is calculated on the principal amount on a daily/monthly/annual basis. Principal…

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: Provide an appropriate response. 9) _______ is interest paid both on the original principal and on…

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Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: What is the total cost of the subsidized loan?

A: Given, P=$40000 Subsidized loan: r = 6.6%t = 10 We have,…

Q: You carry over a balance of $500 on a recent purchase of a new refridgerator,  you will just pay the…

A: Given: Carry over balance =$500 APR=18.99%

Q: A man applied for a loan with 16% interest. The interest will be automatically deducted from the…

A: If the interest is simple, then the formula that is used is A=P1+rt, where A is the final amount, P…

Q: does a simple interest investment generate less interest than a compound interest loan?

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Q: Find the simple interest on a loan of $27,000 at 6.2% interest for 10 months GIvo I eur anCwor t o…

A: simple interest = principal × rate ×time

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

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Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: Find the future value of this loan. $16,634 at 5.3% for 15 months The future value of the loan is $|

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Q: any remaining debt at a specified time Regular Payment Outstanding Balance Loan O Mortgage…

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Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: Find the present value at 8% simple interest of a debt RM4 000 due in 9 months. O RM3774.48…

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Q: Find the length of the loan in months, if $500 is borrowed with an annual simple interest rate of 9%…

A: Principal (Loan Amount) = $500 Rate of interest = 9% Amount (Loan repaid) = $537.5 We have to…

Q: Calculate the new interest rate if a bank realizes that the value of a mortgage increases from…

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Q: Xander takes out a loan on July 1 and the loan is for 120 days. The maturity date of the loan is…

A: We can make it easier for you.

Q: A is a long-term installment loan (perhaps up to 30, 40, or even 50 years) for the purpose of buying…

A: Concept: A mortgage is a loan from a bank or other financial institution that helps a borrower…

Q: Find the Maturity Value of a loan of 18,000 made for 2 years at 8% simple interest.

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Q: Determine whether the statement is true or false. Renters can build up equity as the rent is paid…

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Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: A reasonable APR to pay for a 3- year automobile loan is

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Q: Find the simple interest on a loan of $13,500 at 8.2% interest for 8 months

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Q: is used to indicate the borrow after subtraction.

A: The subtraction operation, a-b , borrows, if a<b .

Q: Calculate the simple interest due on  a 52 day loan of $1500 if the interest rate is 9% round to the…

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Q: What will the quarterly deposit be if the fund earns 8% interest

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Q: Find the future value of this loan. $23,783 at 10.7% for 11 months

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Q: Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3…

A: Since you have posted multiple questions and we can answer one question. So, answering the first…

Q: Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to…

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Q: Simple interest loans are generally used for which type of loan? Click here to watch the video.…

A: Simple interest loans are generally used for

Q: Find the length of the loan in months, if $200 is borrowed with an annual simple interest rate of 9%…

A: Given, $200 is borrowed with an annual simple interest rate of 9% and with $212 repaid at the end of…