If you have a single-payment loan for $8,500.00 for 365 days at 9% annual interest. What is the interest amount and the money due at the end of the loan?
The interest on this loan is $765. The money due at the end of the loan is $9265. ChaCha!
Answered -
Related Questions
-
What is single payment credit?
Single Payment Credit is any loan that is to be paid off in o...
-
What is a single payment loan?
A single payment loan is a loan whose principal is due in tot...
-
If the nominal interest rate is 10.5%, the approximate effect...
-
I am assuming that is 12% per month? The interest for the fir...
-
If a bank grants Sarah with a single payment loan of 5250 dol...
Comments