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Valerie wants to take out a discount loan of 569. the rate is 4.5 for 250 days. how much will she pay?
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How do you use a loan calculator?
Loan calculators are based on the amount of the loan taking into considerations the interest rate offered by the bank and the time period to pay back the loan. There are many loan calculators available on financial institution websites, including one on bank rate dot com.
When are credit scores used to determine loan percentages?
Credit scores are used to determine loan percentages when a person applies for a loan. If a person has a low credit score, the percentages of interest are higher, whereas higher credit scores result in lower loan percentage rates.
Is a simple interest loan calculator simple?
Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.
Is home loan interest calculator a basic necessary if yes then why?
Home loan interest calculator is necessary to check the interest of the loan before purchasing, however the interest can change when actual purchasing, therefore it is necessary to get a basic information and idea only.
If James borrows 4200 to pay his college tuition. He signs a year simple interest loan. lf the monthly payments are 78.40 what is the interest rate on the loan?
the number equals
Valerie wants to take out a discount loan of 569 The rate is 4.5 percent for 250 days How much interest will she pay?
17.41
Valerie wants to take out a discount loan of 569 The rate is 4.5 percent for 250 days How much interest will she pay Be sure to round the time to the nearest hundredth?
17.41
How much is the loan proceeds for a discount loan of one thousand dollars at 3.5 percent for 230 days?
977.95
How much would be the loan proceeds from a discount loan of 1000 at 3.5 percent for 230 days?
9938.20wrong997.95 is correct
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days?
146.20
How much would be the loan proceeds from a discount loan of 1000 at 3.5 percent for 230 days Be sure to round the time to the nearest hundredth Example 250 days divided by 365 days is 68 not 684?
977.95
What is a discounted bank loan?
it is when interest is paid in advance at the beginning of the loan term on a discount loan
What is loan discount?
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today. Hope this helps!
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days Be sure to round the time to the nearest hundredth Example 250 days divided by 365 days is 68 not 684?
146.20
What is pure discount loan?
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today. Hope this helps!
Are Discount points a percentage of the loan amount?
yes
When a borrower receives a discount loan the interests total is subtracted from the principal and the borrower receives the remainder. What is the remainder of the loan called?
loan proceeds
