(1 point) Consider a discounted loan of $200, where the proceeds oqual $195.5. The loan is...
(1 point) What are the proceeds for a discounted loan for $900 repaid in 7 months at 17.25% annual simple interest? Proceeds = $ Hint:
HW17: Problem 8 Previous Problem Problem List Next Problem (4 points) Consider a discounted loan of $700, where the proceeds equal $650.41. The loan is repaid at the end of 17 months. Find the annual simple discount rate. Annual simple discount rate = Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
(1 point) What are the proceeds for a discounted loan for $900 ropaid in 7 months at 17.25% annual simple interest? Proceeds $ Hint:
(1 point) Find the annual simple interest rate of a loan, where $300 is borrowed and where $339 is repaid at the end of 4 months. Annual simple interest rate = %
(1 point) Find the length of the loan in months, if $100 is borrowed with an annual simple interest rate of 11% and with $112.833333333333 repaid at the end of the loan. Length of the loan = months.
of 10 | Page 5 of 10 5 (1 point) A loan of $45,000 at 8% compounded quarterly is to be amortized over four years with equal payments made at the end of every three months. How much interest will be paid over the entire amortization period? Question 6 (1 point) A car loan is to be repaid by oqual monthly payments for four years. The interest rate is 7.2% compounded monthly and the amount borrowed is $17,355. How much...
(1 point) A loan is being repaid with a series of payments at the end of each quarter for 9 years. If the amount of principal in the fourth payment is $200 find the amount of principal in the last 4 payments. Interest is at the rate of 5.2% convertible quarterly. ANSWER -$
Find : a)the bank discount, and b) the proceeds if Nick settles his debt of $3700 at the end of 3 months at an annual discount rate of 13%.
HW17: Problem 7 Next Problem Previous Problem Problem List (4 points) Find the annual simple interest rate of a loan, where $800 is borrowed and where $832 is repaid at the end of 6 months Annual simple interest rate = Submit Answers Preview My Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
HW17: Problem 7 Previous Problem Problem List Next Problem (4 points) Find the annual simple interest rate of a loan, where $1000 is borrowed and where $1140 is repaid at the end of 3 months. Annual simple interest rate = %. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.