Mathematics

Mathematics, 14.07.2019 12:30, cody4976

Ann took out a loan at the bank of florida with a principle amount of $7,000, at an interest rate of 6.5% for 3 years. what is the amount of her interest?

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Business, 06.07.2019 01:00, joshloveshannah52651

Ann took out a loan at the bank of florida with a principle amount of $12,000, at an interest rate of 5.65% for 4 years. what is the amount of her interest?

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Mathematics, 19.07.2019 19:00, babycakesmani

Ann took out a loan at the bank of florida with a principle amount of $7,000.00, at an interest rate of 6.5% for 3 years. what is the amount of her interest?

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Mathematics, 21.08.2019 18:00, james8781

12 points! math needed i did the first part, i hope i did it right. a) the shoe store manager borrowed $17,000.00 from the bank to purchase 1000 pairs of shoes. the bank charges a simple interest rate of 5% per year on a loan to a business. if it takes 3 years to pay back the loan and interest, what is the total amount of interest that the shoe store will pay? i = p*r*t or i=prt so 17000*0.05*3= the interest meaning that the interest is: $2550.00 so: the total amount that the shoe store will pay back to the bank is $2550. question # 2 b) what is the total amount, including interest, which the shoe store must pay on the loan? question # 3 c) how could you use estimation to determine if your answer is reasonable? explain.

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Mathematics, 20.09.2019 06:50, sallyguzman4263

Bill is considering taking out a loan. he estimates that he can afford monthly payments of $375 for 10 years in order to support his loan. he finds that, with an apr of 6.5% compounded monthly, he can take a loan of $33,025.69. assuming that bill's monthly payment and the length of the loan remain fixed, which of these statements is true about the size of the loan bill could take if he received a different apr? a. if the interest rate were 7.4%, the amount of the loan that bill is considering taking out would be more than $33,025.69. b. if the interest rate were 6.8%, the amount of the loan that bill is considering taking out would be less than $33,025.69. c. if the interest rate were 6.4%, the amount of the loan that bill is considering taking out would be less than $33,025.69. d. if the interest rate were 7.2%, the amount of the loan that bill is considering taking out would be more than $33,025.69.

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