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 140 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
Wow, this really help

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Palpation for Ascites: Fluid Wave Palpation for Ascites: Fluid Wave
Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse
16.23 Slow-Wave Sleep Deprivation 16.23 Slow-Wave Sleep Deprivation
A patient examination room should be simple and efficiently designed. A patient examination room should be simple and efficiently designed.
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Sample hypnograms of an infant at ages 3, 12, and 24 months Sample hypnograms of an infant at ages 3, 12, and 24 months
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library