(1 point) What are the proceeds for a discounted loan for $900 ropaid in 7 months...
(1 point) What are the proceeds for a discounted loan for $900 repaid in 7 months at 17.25% annual simple interest? Proceeds = $ Hint:
(1 point) Consider a discounted loan of $200, where the proceeds oqual $195.5. The loan is repaid at the end of 9 months. Find the annual simple discount rate. Annual simple discount 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.
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) 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)Find the present value of $13,500 in 7 months at 7.9% interest answer:$ 2. Your friend needs a loan of $4,700 for 6 months. You tell him for the simple interest loan service he needs to pay you back $4,770.50. What is the simple interest rate on your friendly loan? Interest Rate= % 3.A payday loan company charges a $85 fee for a $400 payday loan that will be repaid in 13 days. Treating the fee as interest paid, what...
Interest of $383 was charged on a loan of $8,599 for 5 months. What simple annual rate of interest, expressed as a percentage, was charged on the loan? Round your answer to 2 decimal places and do not enter any symbols such as $, % or commas.
Interest of $383 was charged on a loan of $8,599 for 5 months. What simple annual rate of interest, expressed as a percentage, was charged on the loan? Round your answer to 2 decimal places and do not enter any symbols such as $, % or commas.
(1 point) Recall that the formula for a simple interest amortized loan, with initial loan value Vo, monthly payments of size m, with interest compounded n times per year for t years at annual interest rate r is rtn.t rt Ben buys his $230,000 home and, after the $40,000 down payment, finances the remainder with a simple interest amortized loan. Ben can pay at most $1,200 per month for the loan, on which the lender has set an annual rate...
1 Jeffrey pawns his watch for a $75 loan and 2 months later gets it back by pa annual simple interest rate did the pawnbroker charge? Teets it back by paying the pawnbroker $80. What