How much interest is paid in total on a 1-year loan for $5000? The interest...
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How much interest is paid in total on a 1-year loan for $5000? The interest rate is 12% compounded monthly and the payments are made at the end of each quarter. Select one: a. $511.24 b. $291.80 C. $125.36 d. $384.41 e. $286.47 A construction company borrowed $18,000 from the local bank at 5.75% compounded annually. The loan will be paid off with $5000 payments at the end of every six months. What is the balance outstanding after one year? Select one: a. $13,510.27 O b. $8906.13 C. $8893.26 d. $10,921.24 A 21-year mortgage for is signed for $469,600 with payments due at the end of each month. Interest is offered at 7.2% compounded quarterly. Compute the missing value (N or PMT). Select one: a. PMT = $3606.82 b. N = 21 payment intervals O C. PMT = $7123.67 O d. N = 84 payment intervals e. N = 1008 payment intervals
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