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4. the total amount due for the simple interest loan. (round your answer to the nearest cent.) $6300 at 5.7% for 4 years 9 months.
5. the interest rate on a loan charging $1080 simple interest on a principal of $3750 after 8 years.
6. the principal of a loan at 4.2% if the simple interest after 5 years 6 months is $2079.
7. find the term of a loan of $350 at 4.5% if the simple interest is $63.
8. how much should be invested now at 5.2% simple interest if $9324 is needed in 5 years?
9. determine the amount due on the compound interest loan. (round your answers to the nearest cent.)
$14,000 at 5% for 10 years if the interest is compounded in the following ways.
(a) annually
(b) quarterly
10. calculate the present value of the compound interest loan. (round your answers to the nearest cent.)
$29,000 after 8 years at 3% if the interest is compounded in the following ways.
(a) annually
(b) quarterly