# Math Homework ! ! ! ! ! ! Please Help ! ! ! !?

Answers:1 | LastUpdateAt:2019-04-07 20:13:17

1. An account earns 3% interest compound annually. The balance after 4 years is $1125.51. What is the principle?

2. The principle on a home mortgage is $150,000. The monthly payment is $1025.75 and the term is 30 years. How much interest is paid on the loan?

3. A loan summary is shown. How much interest is paid on the loan?

Loan Amount ------------- $1660.00

Monthly Payment ------- $286.43

Annual Interest Rate --- 12%

Term ------------------------- 6 months

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