(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 ropaid 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 = %
3. A $170,000 simple-interest loan is repaid after 7 years with a payment of $300,000 at the end of the six year. What is the annual 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...
tmi systems, a company that customizes software for construction cost estimates, repaid a loan obtained 7 years ago at 10% per year simple interest. if the amount that tmi repaid was $180,000. calculate the principal of the loan?
Question 3 (1 point) A loan of $32,000 at 6% compounded annually is to be repaid by equal payments at the end of every month for three years. How much interest will be included in the 19th payment? 4 poing A home improvement loan is to be repaid by equal monthly payments for six years. The interest rate is 5.4% compounded monthly and the amount borrowed is $33,500. How much interest will be included in the first payment?
plz help This Question: 1 pt 7 of 10 (8 complete) A loan of $930 was repaid at the end of 6 months with a check for $960. What annual rate of interest was charged? S %. (Round to two decimal places The annual rate of interest was charged at as needed.)