Find the maturity value of a simple interest loan of $4600 taken at 6.75% for a duration of 49 weeks

Q: What are the interest cost and the total amount due on a six-month loan of $2,100 at 13.5 percent…

A: Simple annual interest cost is the net amount of interest that is being charged on the principal…

Q: Find the future value of this loan. $13,842 at 5.7% for 13 months

A: Principle value=13,842 Intreast rate =5.7%

Q: Find the refund fraction on a 30-month loan with interest of $2,802 if the loan is paid in full with…

A: Refund fraction is the amount of interest refund a lender makes to the borrower because of early…

Q: Establish loan amortization schedules for the following loans to the nearest cent. a. A 36-month…

A: When a loan is taken, borrower requires to pay interest on it. Apart from interest, instalment of…

Q: Find the maturity value of a loan of $2,400.00 after three years. The loan carries a simple interest…

A: Simple interest refers to the method of calculating the interest amount. Under this method, the rate…

Q: Assume that you take out a $7000 loan for 46 months at 7.5% APR. How much total interest will you…

A: Loan: It is the amount of money borrowed from a person or bank or company for a certain period…

Q: Find the maturity value on a loan of $2,500 at 12.5% interest, for 48 months. Use the formula MV = P…

A: In this we have to calculate interest on the loan.

Q: Find the maturity value of a loan of $2,900.00 after three years. The loan carries a simple interest…

A: Given that, Loan amount (P)=$2,900.00 Rate of interest (i)=7.5% p.a. Time (n)=3 years Maturity value…

Q: Assume the following for a one-year rate adjustable rate mortgage loan that is tied to the one- year…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Consider the following fixed-rate level-payment mortgage pass-through security: Total principal…

A:

Q: A mortgage has a maturity value of 35,000.00. Determine its value 3 months before maturity with a…

A: Mortgage refers to loan contract that is used by organizations to buy capital asset such as houses…

Q: FIND THE SIMPLE INTEREST ON 8,000 LOANED AT AN ANNUAL INTEREST RATE OF 12% FOR TWO YEARS. IDENTIFY…

A: Formula: Maturity value = Principal + Interest amount

Q: Quarter-end payments of $1,480 are made to settle a loan of $37,480 in 9 years. What is the…

A: Loan amount "PV" is $37,480 Quarterly payments "PMT" is $1,480 Time period is 9 years To find:…

Q: Find the simple interest owed for the loan. $2650 at 4.87% for 29 months The interest charged on a…

A: Given: Loan = $2,650 Interest rate = 4.87% Periods = 29 months

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: As per the simple interest loan, The formula to be used is: A=P(1+rt)

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200…

A: ,

Q: What is the maturity value of a $60,000 loan, for 100 days, at 12.2% interest, using the exact…

A: Exact Interest method is a method which uses the exact no of days in a year rather than the ordianry…

Q: A loan of $1,000 at a nominal rate of 12% convertible monthly is to be repaid by 6 monthly payments…

A:

Q: Find the interest refund on a 35​-month loan with interest of ​$2,834 if the loan is paid in full…

A: Data given: Total months =35 Remaining months = 13 Interest =$2834 Find=Interest refund=?

Q: FIND THE SIMPLE INTEREST ON A 30,000 LOAN AT 17% INTEREST FOR FOUR MONTHS.

A: Interest = principal x rate of interest x no. of months/12

Q: Find the future value of this loan. $13,081 at 6.8% for 6 months The future value of the loan is $…

A: Future value of loan can be calculated by using this equation Future value(FV) =P(1+r)n Where P=loan…

Q: Determine the present value of a 4 month, 13 1/2 simple interest loan. if its final amount is 31,350

A: To calculate the present value we will use the simple interest formula as follows:   Present value =…

Q: Find the present value of a loan due on January 23, 2012, with a maturity value of ?ℎ? 412,500 and a…

A: Maturity Amount = 412,500 Interest Rate = 7% Time Period = 205 Days

Q: Find the interest on the following loan. $1500 at 6.5% for 3 months The interest is $ (Round to the…

A: Simple Interest is calculated on the original contribution to a savings account or the principal…

Q: Calculate the simple interest due on a 3-month loan of P 1400.00 if the interest rate is 7.5%

A: Simple Interest : The simple interest is calculated by using the following formula & information…

Q: ind the maturity value of the loan. The maturity value is $ Principal Rate Time $1000 8% 18 months

A: In this we have to find out the maturity value of loan by using future value formula.

Q: A loan of $3000 is to be repaid by level monthly installments in arrears over a period of 3 years.…

A: Annual percentage rate (APR) refers to the annual cost of funds borrowed.

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: Formula to be used: Maturity value= Principal amount + Interest amount Given data, P=14000 r=8.4%…

Q: The maturity value of a three month loan of $2,500 is $2,577. Find the simple annual interest rate…

A: Future Value = 2577 Loan = 2500 Time Period = 3/12 = 0.25

Q: The maturity value of a three-month loan of 2,500 dollars is 2,577 dollars. Find the simple annual…

A: Simple interest dose not take compounding into consideration.

Q: A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is…

A: Given information : Range of short term loans = $250 to $2000 Cost of the loan = $1 per day per $100…

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the…

A: A bank discount is a discount charged by the Bank on the loan given to the customer. On maturity,…

Q: Anny takes out a loan of $1,400, at 4% interest, for 42 months. Use the formula  MV = P + I  to find…

A: NOTE: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Find the future value of this loan. $15,458 at 6.7% for 6 months

A: Intreast rate for 6 months =6.7×6/12=3.35%

Q: Anny takes out a loan of $1,400, at 8% interest, for 42 months. Use the formula  MV = P + I  to…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: Consider a standard mortgage (360 months) with monthly payments and a nominal rate of 6.80%. What…

A: Given information: Assume present value is 100 Nominal interest rate is 6.80% Number of periods is…

Q: A $24,100 loan is to be settled by making payments of $6,980 at the end of every 3 months. The…

A:

Q: Find the future value of this loan. $16,916 at 6.8% for 18 months The future value of the loan is $…

A: Principal amount is $16,916 interest rate is 6.8% Time period is 18 months To Find: Future Value of…

Q: Calculate the maturity value of a simple interest, 3-month loan of $8000 if the interest rate is…

A: Given: Period = 3 months Loan = $8,000 Interest rate = 5.6%

Q: Find the refund fraction on a 18-month loàn with interest of $2,852 if the loan is paid in The…

A: The refund fraction is the fraction or percentage that has to refund of the amount of loan.

Q: Calculate the simple interest and maturity value. Principal $9,000, Interest rate 2.25% and time is…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: what amount of interest will be charged if 7000 is borrowed for 9 months at a simple rate of…

A: Borrowed amount= 7000 Time period= 9 months = 9/12= 0.75 Simple interest rate= 9.5% per annum= 0.095

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: 1. Find the maturity value of a simple interest loan of $8,500 taken at 6.78% for a duration of 32…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Find the maturity value for a loan of Php 25 000 to be repaid in 8 months with an interest rate of…

A: Formula: Maturity value = Principal value + Interest amount

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $2,740…

A: Given information: Loan amount is $2,740 Interest rate is 12 ¾% Number of days is 260.

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.