Interest amount = loan amount * APR
= 11061 * 3%
= 331.83
Hence correct answer is 331.83
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount...
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $11061 and the bank charges her 3% APR., how much interest will she be paying over a year? Answer: Check
Suppose G'daiya has a personal loan, interest of which is tax deductible. If her loan amount is $9562 and the bank charges her 3% APR., how much interest will she be paying over a year? g 2.0 Answer Check
The interest that Takerra pays on her student loan is tax deductible. If she pays 7.9% APR interest on the loan and her marginal tax rate is 20% then, what actually the student loan is costing her (what is the after tax rate)? Answer: Check
INICIJI UL CUIU TILT The interest that Takerra pays on her student loan is tax deductible. If she pays 8.0% APR interest on the loan and her marginal tax rate is 9% then, what actually the student loan is costing her (what is the after tax rate)? Answer: Check
The interest paid on which type of loan is not tax deductible? Multiple Choice Home equity loan interest for home improvements Credit card interest Mortgage interest to buy a home Mortgage interest to build a home Investment interest up to the amount of investment income oan Martin expects interest rates to decline over the next few months. To achieve her long-term financial goals, she will trade off liquidity for a higher return by using a: Multiple Choice regular savings account....
One of your clients has an outstanding personal loan of 77,000, which is stated to have 20.3% APR interest. If the bank actually compounds interest daily, how much money will your client owe on this loan at the end of the year, assuming no additional borrowing or repayment of the loan?
If Ariana keeps $659 in her bank account which pays her 9% APR., how much interest will she be making per year? Answer: Check
If Ariana keeps $796 in her bank account which pays her 4% APR., how much interest will she be making per year? Answer: Check
Jenna is considering paying off her current credit card bill with a 2-year loan from her bank. She has stopped using the card and is paying $100 per month that will pay off the total balance in 2 years. The bank charges an upfront $500 fee to make the loan but will lower her monthly payment to $50 per month. Jenna is evaluating the loan using the payback period method with a 1-year payback period as the goal. Should she...
. A college drop out owes $42,000. Her loan has an interest rate of 6% a year and a ten year maturity. Determine her monthly payment. She currently has a job that pays $10 an hour for 160 hours a month. What percentage of her monthly before tax pay goes to paying off her loan? Use the table below for the following part: What percentage of her after tax income per year goes to paying her total loan payments for...