how much interest will you have to pay for a 60 day loan of 500, if...

Question

Question

how much interest will you have to pay for a 60 day loan of 500, if a 36% annual rate is charged?

business finance

Answer 1

Answer #1

Answer 2

Similar Homework Help Questions

Question 18 (1 point) How much interest will you pay on a loan of $15 500...

Question 18 (1 point) How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your loan rate is 7.125%. OA) $828.28 B) $818.28 C) $858.28 2 D) $838.28 5 E) $848.28
How much interest will you have to pay for a credit card balance of $885 that...

How much interest will you have to pay for a credit card balance of $885 that is 1 month overdue, if a 24% annual rate is charged? You will have to pay $in interest. (Round to two decimal places.)
How much interest will you have to pay for a credit card balance of$1,085 that is...

How much interest will you have to pay for a credit card balance of$1,085 that is 1 month overdue, if a 20 % annual rate is charged?

You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay...

You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the loan? 2. How much will the library owner pay you at the end of 5 years? You have agreed to loan the owner of a library $5000 for 5 years at a simple interest rate of 8% per year. 1. How much interest will you receive from the...
How much interest will you pay on a loan of $11 comma 00011,000 if you are...

How much interest will you pay on a loan of $11 comma 00011,000 if you are paying the loan off in 66 months and your loan rate is 44 percent? (Round to the nearest dollar.) A. $220220 B. $165165 C. $540540 D. $110
In Mathematics: how much interest will you have to pay for a credit card balance of $554 that is one month overdue if a 20% annual rate is charged

In Mathematics: how much interest will you have to pay for a credit card balance of $554 that is one month overdue if a 20% annual rate is charged?

A radio commercial for a loan company states: "You only pay 34 a day for each...

A radio commercial for a loan company states: "You only pay 34 a day for each $500 borrowed." If you borrow $2,351 for 199 days, what amount will you repay, and what annual interest rate is the company actually charging? (Assume a 360-day year.) a. Amount you repay = 5 (Round to two decimal places.) b. Annual interest rate= % (Round to four decimal places.)
You are in a dispute with a pay-day lender over the correct interest rate. You had...

You are in a dispute with a pay-day lender over the correct interest rate. You had deposited $3,000 with them 2 years ago. Now you have a balance of exactly $7,000. The pay-day lender claims to have paid you an interest rate of 14%. By how many basis points is the pay-day lender misstating the true annual interest rate?
5. Brian borrowed 18,000 on a 60 month installment loan at a 6% (annual) interest rate....

5. Brian borrowed 18,000 on a 60 month installment loan at a 6% (annual) interest rate. The loan requires payments of $347.99 per month. How much interest will be charged for the first month and for the second month? (Show your calculations.) First month = Second month =

If Jayda paid $54 worth of interest on her $117 loan for 9 days from a Pay Day loan store, what is the annual inter...

If Jayda paid $54 worth of interest on her $117 loan for 9 days from a Pay Day loan store, what is the annual interest rate she is paying? Answer: Check