Question 28 5 pts The principal P = $200 is borrowed at simple interest rater =...
The principal P is borrowed at simple interest rater for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent. 37) P = $11,000.00, r = 9%, t = 150 days A) $11,412.50 B) $11,425.50 $11,406.85 D) $159,505.00
Question 13 3.33 pts The principal Pis borrowed at simple interest rater for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent. P - $7900 4.5% 14 months $414.75 $8314.75 $4977.00 $452.45
27). The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $5000.00, A = $6500.00, t = 4 years % (Round to the nearest tenth of a percent as needed.) The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $4300.00, A = $4380.63, t = 3 months % (Round...
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r to the nearest tenth of a percent. P=1800.00 A=1921.50 t=9 months
Use the formula for the amount, A = P(1 + rt), to find the indicated quantity. P = $3,500; r = 10%; t= 1 quarter; A = ? A= $ (Type an integer or a decimal.) Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $7000.00, r = 14.0%, t = 39 weeks (Round to the nearest cent.) The principal Pis borrowed and the loan's...
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...
3. [4 pts) Find the maturation value of $2600 borrowed at 3.9% simple interest for 200 days. Show Work: Answer:
33. a. If $7,000 is borrowed for period of 8 months at simple interest 7.5% . Compute the total amount owed at the end of 8 months. a. $7500 b. $7450 c. $7350 d. $7625 b. If $23,000 is borrowed at 8.25% for 45 months, what is the simple interest amount on this loan? a. 7100.565 b. 6515.435 c. 6500.525 d. 7115.625
The principal amount of the loan borrowed is $12,000, origination fee of $50, interest rate is 6.20%. With no payments due before, what will the payoff be in 6 months?
Calculate the value of x. Interest Amount Principal / Present Value Interest Rate (per year) Time $2009 7.34% 12 months х Answer: Calculate the value of x. Maturity / Future Value Principal / Present Value Interest Rate (per year) Time $3308 10.13% 121 days Answer: Five months ago, Sarah borrowed $1100 from Joe. When she borrowed the money, they agreed she would pay 5% p.a. in simple interest. Sarah pays Joe back today. What is the principal amount? Select one:...