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18% is the highest rate that a car loan should be. I am pretty sure that that is a government regulation. I know that there are loop holes in any system. So yest 29 percent would be too high but in some cases you have to do what you have to do.
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∙ 13y ago
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How much is a 6 percent interest on a loan is that a good rate?
$60 of your loan
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?
She will pay $1,924.02 in interest.
How much is the interest rate on 14289.00 at 3.5 percent for five years how much will you pay in interest on a loan?
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.
What is the average interest rate for a small business loan?
The interest of a small business loan depends on the size of the loan. For loans under $100 000 the interest rate is seven to eight percent and for loans over $100 000 the interest rate is six to seven percent.
Matt wants to take out a simple interest loan on a car priced at 14289 The interest rate is 3.5 percent for 5 years How much will he pay in interest during the term of the loan?
2500.58 (A+)
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 will be due on a loan of 9000 at a 4.25 percent annual interest rate for one year?
The answer is 3825. Hope it helps :)
What is the simple interest rate of a 525 loan at 4.5 for 60 days?
The simple interest on a 525 loan at the rate of 4.5 percent for 60 days is 3.9375.
If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years?
She will pay $1,924.02 in interest.
Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest if the rate is 4.5 percent and she pays the loan off in 4 years?
She could have to pay $1924.02 in interest.
An interest rate on a consumer loan of 1.5 percent is most apt to be what?
monthly.
