Interest Problem for Chapter 4 review on Hawkes Learning

Interest Problem for Chapter 4 review on Hawkes Learning

You obtain a mortgage of $184,000 for a house at an annual interest rate of 5.2% to be paid off in 15 years. find what your monthly payments will be if interest is also charged monthly.

You just borrowed $23,450 to purchase a Toyota Corolla. The interest is compounded annually at 1.5%. You have three years to pay back the loan.

I don't understand how to solve it. I need to know how to get the equation

please help

Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

An individual agrees to pay $6,000 per year for three years to payoff a car loan. His/her payments are always made at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5%...

Dianne has $100 Dianne has S100 to invest. She buys two One ofthem pays 6% interest has earned S5.30 all together in interest. How much did she different savings bonds with the $100. and the other...

I want to know this answer i was asked by my new financee

Compounding interest

If $1100 dollars is deposited in an account paying 8 percent annual interest, approximate the amount in the account after 16 years

A person has $10,000.00 to invest, he puts the money into two Banks. One gives 2% interest, the other 4%, the total interest he got in a year was $320.00, how much did he place into each bank?

How much additional interest will I pay on a loan balance if I take out another simple interest loan to pay the balance? I took a loan for $10,000 with simple interest of $1000 to equal a payoff...

Juwan invests $7600 in two different accounts. The first account paid 6 %, the second account paid 14 % in interest. At the end of the first year he had earned $816 in interest. How much was in each...

at 4% interest compounded daily. how much was in the account at the end of 5 years?

on $800 at 3% interest for 6 months?

Whenever I type this problem: 5000(1+1.15)^68, I get this answer: 2.0173687011×10^26. According to my online homework (MyMathLab) that is incorrect. It should look like this: 35805.0308354 when...

Applying the Concepts

I need help with this question for simple interest. The principal given is 50000 from 11 November 2016 to 10 May 2017 (181days) with an annual interest rate of 4.5%. I know that the amount of interest...

T (months)=0,1,2,5,10,20,30 A ($)= 500,__,__,__,530.76,__,__