This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Anna Levandowski took out a 4,000 simple interest loan at 8 interest for 24 months to buy a wave ... (Read 138 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 24, 2018
Anna Levandowski took out a 4,000 simple interest loan at 8 interest for 24 months to buy a wave runner. Her monthly payment is 180.91. After making payments for 9 months, her balance is 2,574.21. She decides to pay the loan off with her next payment. How much will her final payment be? How much interest will she save?

Question 2

Vincent Pancozzi borrowed 750 on a one-year simple interest loan at 17 interest. The monthly payments were 63.57. Find the amount of interest, amount applied to the principal, and the new balance for the first monthly payment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

2,589.66, 123.99

Answer to Question 2

10.63, 52.94, 697.06


ss2343

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Gracias!

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Principal Characteristics of REM and Slow-Wave Sleep Principal Characteristics of REM and Slow-Wave Sleep
Examples of visual fields of simple cortical cells. Examples of visual fields of simple cortical cells.
A simple diagram of bone marrow progenitors. All of the cells listed can be transformed to become a ... A simple diagram of bone marrow progenitors. All of the cells listed can be transformed to become a ...
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Tidal and wave power Tidal and wave power
Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo
Video: Cataract

For a complete list of videos, visit our video library