If Patty is taking out a simple interest loan to buy her new $10,689 car, how much would she pay in interest if the rate is 4.5% and she pays the loan off in 4 year?
If we use the simple interest formula we conclude that she will be paying a total interest of $1924.02. Thank you for using ChaCha!
Answered
-
-
Your monthly payments on a $18,000 loan with an 8% interest r...
-
Which has the lowest interest rate Payday loan, Perkins loan, or private loan?
A private loan, like a loan from family or friends should hav...
-
How do increased interest rates affect the balance of trade?
When you increase the rates that charges more money and there...
-
Jackson's savings are decreased by 10 percent. ChaCha!
-
What happens to bond prices when interest rates rise?
Bond prices move inversely to interest rates. When interest r...
-
What is a higher interest rate is usually a trade off for?
On an individual level, the trade-off for a higher interest r...
-
What is the relationship between interest rates and demand for money?
Demand for money is dependent on price of money- the interest...
-
What's the difference between APY and an interest rate?
(APY) annual percentage yield is the amount you earn on an in...
-
Can you calculate the monthly interest rate on a credit card that charges 18% annual interest?
Look at your credit card statement and look at the APR. Take ...
-
If the market rate is higher than the contract rate, the bond...
-
What is the average interest rate on a 15 year loan?
Thanks for asking ChaCha. They are steadily dropping and you ...
-
What would your monthly payments be with an 8000 dollar car with the average interest rate?
There is no national standard for auto loans; the rates vary ...
-
What is the average auto loan interest rate with a 680 credit score?
As of Monday, June 22, 2009, the average interest rate on a 4...
-
What is the interest rate of Credit yes.com?
The current interest rate at Credityes.com is 13.7% and it a ...
-
How much would your monthly payments be on a $110,000 mortgage at today's interest rate?
Your monthly payments on a house that you borrowed $110,000.0...
-
What is TD Bank's interest rate on savings accounts?
Interest rates will vary by state for TD Bank savings account...
-
What is the interest rate the fed charges to commercial banks?
I checked many sources and couldn't actually find what intere...
-
Companies have very high interest rates. Thanks for using Cha...
-
What is the best interest rate I can get to buy a new home?
To find the best interest rate on a loan for a new home, you ...
-
What is the average loan taken out on a vehicle and the average interest rate?
The average length is 28 months at 7.26% interest.
-
How did federal reserve uses to change short term interest rates and long term interest rates?
The Federal Reserve federal funds rate in the United States h...
-
What is the prime interest rate?
Your answer is 3.25% (July 6, 2011). Src: Wolfram|Alpha
-
What is the interest rate the fed charges to commercial banks?
I checked many sources and couldn't actually find what intere...
-
What is the current interest rate of a Wachovia savings account?
It depends on what kind of savings account you have with them...
-
What is the interest rate on a standard Visa credit card?
Capital One's Standard Platinum credit card is for people wit...
-
What is the average loan taken out on a vehicle and the average interest rate?
The average length is 28 months at 7.26% interest.
-
Companies have very high interest rates. Thanks for using Cha...
-
It would take three and a half years to earn $568.75 in inter...
-
What is the relationship between 'velocity of money and interest rate?
Velocity of money is also influenced by interest rates. When ...
-
What is the current interest rate in a 10 year cd?
3.46% is the current average rate for a 10 year CD, check wit...
Comments