(1 point) Find the length of the loan in months, if $100 is borrowed with an...

Question

Question

Answer 1

Answer #1

po 100 $ ช Il J. A 11 PtI 112.833333 Formula A P(+8+) 11 2.833333 = 100 (1 +8+) 112 833333 = 100 (!+ oilt) 1.166 t t = 1.166

Answer 2

Similar Homework Help Questions

(1 point) Find the annual simple interest rate of a loan, where $300 is borrowed and...

(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 = %
HW17: Problem 6 Previous Problem Problem List Next Problem (4 points) Find the length of the...

HW17: Problem 6 Previous Problem Problem List Next Problem (4 points) Find the length of the loan in months, if $100 is borrowed with an annual simple interest rate of 6% and with $108 repaid at the end of the loan. Length of the loan = !!! months. Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining.
(1 point) Consider a discounted loan of $200, where the proceeds oqual $195.5. The loan is...

(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) What are the proceeds for a discounted loan for $900 repaid 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:
Please answer all!! An amount of P dollars is borrowed for the given length of time...

Please answer all!! An amount of P dollars is borrowed for the given length of time at an annual interest rate of r. Find the simple interest that is owed. (Round your answe to the nearest cent.) P = $3000, r = 4.0%, 3 months Additional Materials eBook -/1 points v AFM2 F.1.004. My Notes An amount of P dollars is borrowed for the given length of time at an annual interest rate of r. Find the simple interest that...
Kieso Company borrowed $780,000 for six months. The annual interest rate on the loan was 11%....

Kieso Company borrowed $780,000 for six months. The annual interest rate on the loan was 11%. Kieso's fiscal year ends on December 31. Kieso borrowed the $780,000 one month prior to the start of its current fiscal year and paid back the $780,000 plus interest five months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year? Last year:...

1)Find the present value of $13,500 in 7 months at 7.9% interest answer:$ 2. Your friend...

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...
of 10 | Page 5 of 10 5 (1 point) A loan of $45,000 at 8%...

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...
HW17: Problem 7 Next Problem Previous Problem Problem List (4 points) Find the annual simple interest...

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...

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.