QUESTION 2 Your loan of AED 50,000 is approved at simple i = 7.5% per year....
Question6 Rashed plans to take a loan of 100,000 AED to buy a car, the bank available loan options are: Option 1: Total amount owed is due with a single payment at the end of year 10 with 7.5 % simple interest per year. Option 2: Total amount owed is due with a single payment at end of year 8 with 6.5% annually compound interest. Which option should Rashed choose? Match the closest correct answers for the below questions The...
Rashed plans to take a loan of 100,000 AED to buy a car, the bank available loan options are: Option 1: Total amount owed is due with a single payment at the end of year 10 with 7.5 % simple interest per year. Option 2: Total amount owed is due with a single payment at end of year 8 with 6.5% annually compound interest. Which option should Rashed choose? Match the closest correct answers for the below questions: - A. ...
Ahmed takes out a loan of AED 1,918 for 12 years. After 12 years he pays back AED 7,078to clear his debt. What is the rate of simple interest charged? Hint: Input your answer 0-100 without %eg. 5% is input as 5
Rashed plans to take a loan of 100,000 AED to buy a car, the bank available loan options are: Option 1: Total amount owed is due with a single payment at the end of year 10 with 7.5 % simple interest per year. Option 2: Total amount owed is due with a single payment at end of year 8 with 6.5% annually compound interest. Which option should Rashed choose? Match the closest correct answers for the below questions: ...
If a lender makes a simple loan of $800 for 2 years and charges 3%, then the amount that the lender receive at maturity is $?. Round your response to the nearest two decimal place If a lender makes a simple loan of $2500 for one year and charges $30 interest, then the simple interest rate on that loan is ?% Round your response to the nearest whole number. If a borrower must repay $106.50 one year from today in...
Question Help * lf a lender makes a simple loan of $70 or 3 years and charges 7%, then the amount that the lender receive at maturity s S Round your esponse o the nearest two decimal place) If a lender makes a simple loan of $3000 for one year and charges $70 interest, then the simple interest rate on that loan is%. (Round your response to the nearest whole number) If a borrower must repay $106.50 one year from...
Problem 3.12 A borrower borrows $50,000 for 5 years at an annual loan rate of 7.5%; he pays $6,000 at the end for each of the first 2 years and then pays K in the remaining 3 years. Find K.
Problem 3.12 A borrower borrows $50,000 for 5 years at an annual loan rate of 7.5%; he pays $6,000 at the end for each of the first 2 years and then pays K in the remaining 3 years. Find K.
Assume that you have a 30 year fully-amortized fixed rate mortgage for your home. Your loan amount is $300,000 with a 3% annual interest rate. After 28 years, you would like to sell the property. What is your loan balance at the end of 28 years? Assume that you have a 30 year fully-amortized fixed rate mortgage for your home. Your loan amount is $300,000 with a 3% annual interest rate and your balloon payment is $50,000. What is your...
Talender makes a simple loan of $300 for 2 years and charges 7%, then the amount that the lender receive at maturity is $ (Round your response to the nearest two decimal place) talender makes a simple loan of $2500 for one year and charges $150 interest, then the simple interest rate on that loan is % (Round your response to the nearest whole number a borrower must repay $106.50 one year from today in order to receive a simple...