Find the interest on a used car loan of $5000 at a rate of 16% for a period of 8 months.
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Find the interest on a used car loan of $5000 at a rate of 16% for a period of 8 months.
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- Find the annual simple interest rate of a loan, where $200 is borrowed and where $218 is repaid at the end of 5 months.Find the monthly payment on an auto loan of 200000 to be akortized over a 5-year period at a rate of 9%.Assume the following information for a car note: Original loan amount = $23,500 Annual interest rate = 7.25% Term of loan = 24 months What is the principal balance on the loan after six months?
- Find the interest paid on a loan of $2,700 for one year at a simple interest rate of 11% per year. The interest on a loan is SFind the interest paid on a loan of $2,700, for three years at a simple interest rate of 12% per year. What is the interest on the loan?Find the length of the loan in months, if $500 is borrowed with an annual simple interest rate of 3% and with $517.5 repaid at the end of the loan.
- Calculate the simple interest due on a four-month loan of $900 if the interest rate is 2.2% per month .Find the interest refund on a 35-month loan with interest of $2,834 if the loan is paid in full with 13 months remaining.Calculate and print out the balance due, principal payment, and interest payment for each period of a used-car loan. The nominal interest is 6% per year, compounded monthly. Payments are made monthly for 3 years.The original loan is for $18,000
- FIND THE SIMPLE INTEREST ON A 50,000 LOAN AT 14 1/2% FOR 7 MONTHS.Find the annual simple interest rate of a loan, where $300 is borrowed and where $315 is repaid at the end of 15 months.Annual simple interest rate = %.A car is purchased with a 48-month, 9% nominal loan with an initial balance of $15,000. What is the balance due halfway through the 4 years?