Consumer MKPT

Grab Your calculators! Calculate Interest And APR. PLEASE SHOW ALL WORK

Get Your Custom Essay Written From Scratch
We have worked on a similar problem. If you need help click order now button and submit your assignment instructions.
Just from $13/Page
Order Now

1. Determining Interest cost using simple interest formula, What are the interest cost and the total amount due on a six-month loan of $1500 at 13.2 percent simple annual interest?

2. Calculating interest using the bank discount method, your uncle lends you $2,000 less $100(interest at 5%), and you receive $1,900.Use APR formula to find the true annual percentage rate.

3. Calculating the annual percentage rate using the compound interest formula, A $1,000 loan is paid off in 12 equal monthly payments. The stated annual interest rate is 10%. What is the annual percentage rate?

ANSWER QUESTION #4 ON ATTACHED PAGE

Hello Hello

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Order Over WhatsApp Place an Order Online

Do you have an upcoming essay or assignment due?

All of our assignments are originally produced, unique, and free of plagiarism.

If yes Order Similar Paper