A loan of $2500 was repaid at the end of 39 weeks with a check for $2812.50. What annual rate of interest was charged?
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A loan of $2500 was repaid at the end of 39 weeks with a check for $2812.50. What annual rate of interest was charged?
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- A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 15%, what was the time length of the loan in years? In months?A loan of $2700 collecting simple interest at a 7.9% annual rate was repaid with a check for $2806.65. How long did it take the borrower to repay the loan?A loan of $20,483 was repaid at the end of 11 months. What size repayment check (principal and interest) was written, if a 7.8% annual rate of interest was charged?
- A loan of $21,238 was repaid at the end of 10 months. What size repayment check (principal and interest) was written, if a 10.3% annual rate of interest was charged? CUC The amount of the repayment check was $ 23,060 93 (Round to two decimal places)A loan of $1060 was repaired at the end of 12 months with a check for $1075. what annual rate of interest was charged?A loan of $14,865 was repaid at the end of 7 months. What size repayment check (principal and interest) was written, if an 8% annual rate of interest was charged?
- K A loan of $21,224 was repaid at the end of 14 months. What size repayment check (principal and interest) was written, if a 5.6% annual rate of interest was charged? The amount of the repayment check was $ (Round to two decimal places.)Create a loan repayment schedule for a loan of $30295 and payments of $8482 made annually. Assume a rate of interest of 6.13% per year compounded annually. What is the balance remaining after the second payment?The interest amount on a $46,500 loan was $24,785.95. The interest rate charged on loan was 9.20% compounded semi-annually. a. What was the accumulated value of the loan? Round to the nearest cent b. What was the time period of the loan? years months
- A loan company advertises that $100 borrowed for one year may be repaid by 12 monthly installments of $9.46. Assuming the difference between the amount repaid and the amount borrowed is interest only, what is the effective annual interest rate being charged?A loan of $15,752 was repaid at the end of 17 months.What size repayment check (principal and interest) was written 9.2% annual rate of interest was charged?A bank charges an interest rate of interest is 6% compounded annually. A customer takes a loan of $159,348.29, which is to be paid back by annual payments of $18,000 at the end of each year for 13 years. What is the outstanding balance of the loan after the 2nd year? a. $141,963.74 b. $20,224.80 c. $37,080.00 d. $123,348.29 e. $33,001.07