Jayson made a loan with a 8.5% interest rate that is equal to 3,559.38 and its principal is 225,000. How many days is the term of the loan?
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- Reya paid Php 9,250 on a loan made 6 months before at 12% simple interest. Find the interest generated.What is the rate of interest?What is the future value?What is the term of the loan?What is the principal in the problem?What is the simple interest rate if Rogine paid an interest of P2,100 after 2 years and 6 months on a P12,000 loan?Find the length of the loan in months, if $1000 is borrowed with an annual simple interest rate of 3% and with $1030 repaid at the end of the loan. what is the length of the loan in months?
- What was the interest rate on a 3.5-year loan, $1000 loan if the simple interest paid was $297.50?what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was originally borrowed?I have an NOI of$172,400. The lender indicated that I can borrow funds at a 7.0% interest rate with a 25 year amortization and 5 year term at a 1.20 Debt Service Ratio(DCR). The lender will charge 2 points. a. What is the monthly payment? b. What is the APR (annual percentage rate) if fully amortized? C. What is the APR at the end of the loan term? d. What if I pay the loan off at the end of the second year, what is my APR? e. What if there was a prepayment penalty of 1.5% at the end of year 4, what is myAPR?
- My friend is charging me 3.69% per month on loan. a loan? What is the nominal interest rate per year on what is effective interest rate per yeer on loan ?You borrow $11,000 over a 5-year term. The loan is structured as an amortized loan with annual (end-of-year) payments and an interest rate of 5%. The annual payments are $2,540.72. How much of the second payment is a repayment of principal? Round your answer to two decimal places.A loan with a 3.2% simple interest rate has accrued $498 in miterest. How much fime has passed if the amount of the loan was $6,000?
- Given the following loan information: Annual loan payment = $47,100 Number of remaining periods = 6 Interest rate = 12% What is the book value of the loan?You are borrowing $10,000 over a two-year period. The annual percentage rateis 4.5%.1) What is the monthly payment?2) What is the total amount paid for loan? 3) What is the total interest paid for the loan?(1) The total amount of a loan to which interest has been added is P 200,000. The term of the loan was four and one-half years. a. If money accumulated at simple interest at a rate of 6%, what was the amount of the loan? b. If the annual rate of interest was 6% and interest was compounded annually, what was the amount of the loan?