business math, need answers

Sigchi4life
Category:
Mathematics
Price: $5 USD

Question description

Question 4           

  1. How much interest will have to be paid on a loan of $50,967 for 23 months at a simple interest rate of 10.6% per year?  



      

      

   

            Question 5      

    

  1. Find the interest paid on a loan of $5410 at 7% annual simple interest for 2.4 years. 



      

         

            Question 6      

    

  1. Find the interest paid on a loan of $69,750 at 9% annual simple interest for 2.7 years. 



      

           

            Question 7      

    

  1. Find the maturity value of a loan of $6787 after 4 months. The loan carries a simple interest rate of 14% per year. 



      

      

  

            Question 8      

    

  1. Find the maturity value of a loan of $13,942 after 8 months. The loan carries a simple interest rate of 11.9% per year. 



      

      

            Question 9      

    

  1. Find the maturity value of a loan of $49,583 after 18 months. The loan carries a simple interest rate of 8.3% per year. 



      

      

   

            Question 10      

    

  1. Find the total amount of money (maturity value) that the borrower will pay back on a loan of $3429 at 14% annual simple interest for 2.8 years. 



      

 

Tutor Answer

(Top Tutor) Daniel C.
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School: Purdue University
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