Homework Answers
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Suppose Melissa took out a 5775 loan from Ace Cash Advance which she will have to pay back in 57 days. If she has t...
Suppose Melissa took out a $764 loan from Ace Cash Advance which she will have to...
Suppose Melissa took out a $764 loan from Ace Cash Advance which she will have to pay back in 41 days. If she has to pay back $804, what is the annual interest rate Ace Cash Advance is charging her? Answer: Check
Create and solve the equation Peggy took out a personal loan for $30,000, with an annual...
Create and solve the equation Peggy took out a personal loan for $30,000, with an annual interest rate of 2% to invest in her business. She has six years to pay back the loan. During the first year, Peggy made $10,000 to pay on her loan. How much in monthly payments would Peggy need to meet her deadline?
1.Shen took out a loan for 292 days and was charged simple interest at an annual...
1.Shen took out a loan for 292 days and was charged simple interest at an annual rate of 2.5%. The total interest he paid on the loan was $146. How much money did Shen borrow? Assume that there are 365 days in a year, and do not round any intermediate computations. 2. To purchase $12,600 worth of lab equipment for her business, Isabel made a down payment of $1900 and took out a business loan for the rest. After 2...
If Jayda paid $54 worth of interest on her $117 loan for 9 days from a Pay Day loan store, what is the annual inter...
If Jayda paid $54 worth of interest on her $117 loan for 9 days from a Pay Day loan store, what is the annual interest rate she is paying? Answer: Check
You took out a student loan in college and now have to pay $1,600 every year...
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. The annual interest rate on the loan is 4%. Attempt 1/5 for 10 pts. Part 1 What is the present value of the 10 yearly payments?
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. T...
You took out a student loan in college and now have to pay $1,600 every year for 10 years, starting one year from now. The annual interest rate on the loan is 4%. Attempt 1/5 for 10 pts. Part 1 What is the present value of the 10 yearly payments?
suppose you borrow $10,000 today ; and promise to pay the loan back in 6 years...
suppose you borrow $10,000 today ; and promise to pay
the loan back in 6 years with a total payment (principal plus
interest) of 15,092. what annual interest rate is the bank
charging? assume that compounding is annual.
uisst ydu do the homework omework is not timed. may view your answers and the correct answers after each atternpt. Note, however, that Canvas only shows t ct answers; it does not display the solution method nay use any of your course...
14. Loan amortization and capital recovery After Shipra got a job, the first thing she bought...
14. Loan amortization and capital recovery After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $20,000—with no ($0) down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 6% per year. Yesterday, she called to ask that you help her compute the annual payments necessary...
Exercies 7: Reem took out a 20-year lon of 200,000 that she will pay off with...
Exercies 7: Reem took out a 20-year lon of 200,000 that she will pay off with quarterly payments. With the 40th payment, she will add an extra 20,000. She will make level quarterly payment of , starting from 3-months from the original loan date. Reem will pay off the loan exactly with the last full payment of Calculate at an interest rate of 8% convertible quarterly. Exercies 7: Reem took out a 20-year lon of 200,000 that she will pay...
If Jayda paid $22 worth of interest on her $181 loan for 4 days from a...
If Jayda paid $22 worth of interest on her $181 loan for 4 days from a Pay Day loan store, what is the annual interest rate she is paying? Answer:
Suppose Melissa took out a $764 loan from Ace Cash Advance which she will have to pay back in 41 days. If she has to pay back $804, what is the annual interest rate Ace Cash Advance is charging her? Answer: Check
If Jayda paid $54 worth of interest on her $117 loan for 9 days from a Pay Day loan store, what is the annual interest rate she is paying? Answer: Check
suppose you borrow $10,000 today ; and promise to pay
the loan back in 6 years with a total payment (principal plus
interest) of 15,092. what annual interest rate is the bank
charging? assume that compounding is annual.
uisst ydu do the homework omework is not timed. may view your answers and the correct answers after each atternpt. Note, however, that Canvas only shows t ct answers; it does not display the solution method nay use any of your course...
14. Loan amortization and capital recovery After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $20,000—with no ($0) down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 6% per year. Yesterday, she called to ask that you help her compute the annual payments necessary...
Exercies 7: Reem took out a 20-year lon of 200,000 that she will pay off with quarterly payments. With the 40th payment, she will add an extra 20,000. She will make level quarterly payment of , starting from 3-months from the original loan date. Reem will pay off the loan exactly with the last full payment of Calculate at an interest rate of 8% convertible quarterly. Exercies 7: Reem took out a 20-year lon of 200,000 that she will pay...
If Jayda paid $22 worth of interest on her $181 loan for 4 days from a Pay Day loan store, what is the annual interest rate she is paying? Answer:
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