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The interest rate is given in the question. It is 3.5%.
The amount of interest paid on the loan depends on how much of the loan (if any) is paid back during the period of the loan. If there are no interim payments, the total interest at the end of 5 years is 2681.85 approx.
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Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
What is the probability of insuring an additional five percent of a population when that insurance company already has a thirteen percent market share acquired over a period of seventy five years?
tu hola
What is present value of 700000 in five years if current market rate is 3 percent?
425000
How much interest is earned on R9 000 invested for five years at 8 percent per annum and compounded annually?
For compound interest F = P*(1 + i)^n. Where P is the Present Value, i is the interest rate per compounding period, and n is the number of periods, and F is the Future Value.F = (9000)*(1 + .08)^5 = 13223.95 and the amount of interest earned is 13223.95 - 9000 = 4223.95
How much have the interest rates on mortgages changed in the last five years?
Five years ago, the interest rates on mortgages was only at 0.5 percent. As of today, interest rate on mortgage soared to 2.5 percent. That is 500 percent increase for the past five years.
Interest on five thousand at 6 percent for eleven how much is there?
Eleven..? months? years?. Simple or compound interest?
Kevin wants to know how much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
67.57
Ryan wants to place 700 into a savings account for five years He wants to deposit 400 at 4.0 percent interest and the rest in another account at 6.5 percent interest What would his amount of interest?
177.50
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59?
463.72
What is the interest on a five year loan of 13950 at a 5.8 percent rate of interest?
"4045.50"
How much simple interest he would make in five years on the amount of 250.25 at 5.4 percent interest?
He would make 250*(5.4/100)*5 = 67.57
Is a loan modification only temporary?
Typically the modification is for five years. After five years the interest rate goes up by 1 percent until it tops out at 5.###. Fair market rate.
How much interest is 0.05 percent?
Five hundredths of one percent !
What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for five years?
13,807.50
If you invested 20000 dollars for five years at 3 point 05 percent interest then how much would you make the first year?
700
How much will Amanda pay for her car total including interest Amanda bought a car for 8500 Her loan was for five years at a 4 6 percent interest rate?
$10,455 a+ls
