Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal $185,000 Rate (%) % Time 2 years Interest $24,050
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Rate (%) Principal $54,000 Enter a number. X % Time 60 days Interest $873
- Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $24,000 % 60 days $396Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal: 24,000 Rate (%): Time:60 days Interest: $38417.Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $2,000 % 2 years $360
- Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $3,100 % 164 Exact $220 $Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal(in $) Rate(%) Time(days) InterestMethod Interest MaturityValue $ ?? 10.8 days Exact $2,000 $47,000Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $15,000 13 days Ordinary $730
- Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) $ +A 8 Time Interest 14/1/2 years $1,080Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Time Maturity Value (in $) Rate Interest Principal Interest (%) (days) Method $17,000 13 121 days Ordinary $730 $ 17730 Need Help? Read ItCalculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Maturity Value (in $) Rate Time Interest Principal Interest (%) (days) Method $3,500 % 168 Exact $220 $
