$7,800 is placed for 4 bimonthly periods in a financial agency that offers 6% per semester. How much will they earn in interest and how much will accumulate at the end of the period?
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$7,800 is placed for 4 bimonthly periods in a financial agency that offers 6% per semester. How much will they earn in interest and how much will accumulate at the end of the period?
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $7100 at 6.5% interest; student graduates 3 years and 7 months after loan is acquired; payments deferred for months after graduation. Part 1 of 2 The interest that accrues in a 30-day month is $ Part: 1 / 2 Part 2 of 2 The total amount of interest that will accrue before regular payments begin is $0. X →A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple interest loan is $3300 at rate of 6% per year for 10 months, find the overall amount that the student must pay back at the end of the 10-month period.
- A student takes out a college loan of $4000 at an annual percentage rate of 4%, compounded monthly. a. If the student makes payments of $400 per month, how much, to the nearest dollar, does the student owe after 5 months? Don't round until the end. b. After how many months will the loan be paid off?A student borrows $6000 at 10% for 6 months to pay tuition. The total amount due after 6 months is $ Find the total amount due using simple interest.A student takes out a loan of $2,000 at the beginning of each semester (semi-annually) for 9 semesters to pay for college. The loan charges 7.6% interest compounded semiannually. The student graduates after the 9 semesters and refinances the loan to a lower 6.9% rate compounded monthly with monthly payments (made at the end of each month) for 120 months. Find the monthly payment and the total interest paid.
- A university is giving loans of $200,000 to its staff for a period of 5 years at 13.5% annual interest. 1. What is the month installment each lecturer will pay? 2. What is the monthly, yearly, and annual interest at the end of the period?You borrow $64,000 in the form of an unsubsidized loan at 3.98% APR. How much money do you owewhen you begin making payments six months after you graduate?For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6400 at 7.9% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $. Round to two decimal places, if necessary. X Ś Es
- A loan of $22,000 is to be financed to assist a person's college education. Based upon monthly compounding for 24 months, the end-of-the-month equal payment is quoted as $250. What nominal interest rate is being charged'!For the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6400 at 7.9% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $ places, if necessary. Round to two decimal X oo → KFor the given student loan, find the interest that accrues in a 30-day month, then find the total amount of interest that will accrue before regular payments begin, again using 30-day months. $6600 at 7.5% interest; student graduates 3 years and 9 months after loan is acquired; payments deferred for 6 months after graduation. Part: 0 / 2 Part 1 of 2 The interest that accrues in a 30-day month is $ places, if necessary. Round to two decimal X oo