Business Finance: Finding the EAR of a loan in a word problem.? related questions

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Business Finance: Finding the EAR of a loan in a word problem.?0Arushi2012-10-15 09:00:48
Loan Shark Company offers short-term loans . You will now pay $ 4 and expect $ 5 in a week ! What is the EAR for this loan ? MedlinePlus MedlinePlus a) MedlinePlus 10,947,544.25 % b ) 67600.00 % c ) 875,287.42 % d) 1300000.00 %
Business Finance: Finding the APR of a word problem?1Glen2012-08-09 12:59:02
Loan Shark Company offers short-term loans . You pay $ 4 today and expect $ 5 a week! What is the APR for this loan? a) 25 % b ) 125 % c ) 1125 % d ) 1300 %
Finance word problem help?0Wyman2012-11-04 14:04:47
kelly purchases a car for $24,000, makes a down payment of 30%, and finances the rest with a 3-year car loan at an annual interest rate of 7.2% compounded monthly-what's the amount of her monthly loan payment
I'm having a problem finding someone to finance a loan to purchase a Manufactured/Modular Home in Michigan?2Barbara2012-09-08 01:41:07
Its 5 years old , 1584sqft 3 bedrooms , 2 bathrooms and is in a 4ft crawlspace . He sits on 2.75 acres . Another problem is , there is a 800 sq ft old farmhouse on the property too. Is a bank foreclosure and listed with a local realtor . The price is 87,900 . The assessed value of the parcel is $ 58000, cash value of $ True 116000. This is including the land and the houses of both. MedlinePlus Any idea what I can do .. It is the only house in the area I want.
Word problem help, please?0jale2012-09-29 13:21:04
The principal P is borrowed and the future value of the loan A at time t is given . Determine the loan interest rate r simple to the tenth of a percentage point . MedlinePlus MedlinePlus 1. P = A = $ 3000.00 $ 3720.00 t = 4 years MedlinePlus MedlinePlus 2. P = A = $ 3900.00 $ 3982.88 t = 3 months MedlinePlus MedlinePlus 3. In order to start a small business , a student takes a simple interest loan for $ 2,000.00 for 6 months at a rate of 12.50 % MedlinePlus one . What interest does the student pays ? MedlinePlus b. Find the future value of the loan . MedlinePlus MedlinePlus Thank you !
Can someone help me with this algebra word problem?0Taleisa2012-10-01 06:37:03
Last year , an organization of professional women made ​​two small business loans totaling $ 31,000 to young women starting their own businesses . The money was borrowed at 7% and 10% interest rates Simple3 . If the organization's annual income received from these loans was $ 2,920 , what was the amount of each loan ?
Algebra word problem?0zana2012-11-02 00:52:25
Mary Ellen wants to purchase a used car from Anton's Automobiles that costs 9,000. She wants to pay off the car loan in 4 years. What simple interest rates allow for not spending more than $ 3,000 on interest in that time period? ( hint: l = Prt)
How do I set up and solve this word problem?0Markella Smith2012-11-05 06:58:39
Please be descriptive Jen's two student loans totaled $12,000. One of her loans was at 6% interest and the other at 9%. After 1 year, Jen owed $855 in interest. What was the amount of each loan?
Accounting word problem?0pop2012-09-17 20:46:03
Marcus is graduating from college in 18 months, but will need a loan in the amount of $ 14,087 for the last three semesters . Or you may receive an unsubsidized Stafford loan , with an interest rate of 6.8 % , compounded monthly , or their parents can get a PLUS loan , with an interest rate of 7.8 % , compounded monthly . The Stafford loan has a grace period of six months from the time of graduation. What loan will have a better balance in the time of payment and how ? MedlinePlus MedlinePlus MedlinePlus MedlinePlus The PLUS loan has a balance of $ 754.13 higher . MedlinePlus The Stafford Loan has a higher balance $ 303.55 . MedlinePlus The Stafford Loan has a higher balance $ 537.81 . MedlinePlus The PLUS loan has a balance of $ 323.92 higher .
How would you solve this Algebra word problem?0Lana Von Monroe2012-09-11 07:50:03
As a rule of thumb debt payments ( other than mortgages ) must be less than 8 percent of gross monthly income of a consumer. Oliver earns $ 54,000 a year and has a student loan payment $ 100 a month what size car payment you can afford MedlinePlus MedlinePlus I tried this but I think it worked 100n 5400> 8percent
Word problem... determining interest?2inters2012-11-01 20:19:02
Sean had bad credit and went to a local cash . He took a loan of $ 100 payable in two weeks at $ 115. What is the rate of interest paid on the loan ? ( Do not round denominator before departure) MedlinePlus MedlinePlus Additional problem : MedlinePlus Michael is the purchase of a car . Your monthly interest rate of 12.5 % in June was $ 195. What was Michael principal balance at the beginning of June ? (Again, do not trip) .
Algebra II: Systems of Two Equations Word Problem?0terry morgan2012-10-02 12:25:03
Hello , MedlinePlus Heere is th problems : Chelsea took out three loans totaling $ 120,000 to start an organic garden . Your bank loan was at an interest rate of 8% , the small business loan was at an interest rate of 5% , and the mortgage on their house was an interest rate of 4% . Total simple interest earned on loans in a year was $ 5750. Annual simple interest mortgage is $ 1,600 more than the interest on the bank loan . How much would you borrow from each source ? MedlinePlus MedlinePlus How to solve ? MedlinePlus Thank you.

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