# A loan

A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made? Correct result: x = 1033.21 USD #### Solution: We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you! Showing 0 comments: Tips to related online calculators Check out our ratio calculator. Do you want to round the number? Do you want to convert time units like minutes to seconds? #### You need to know the following knowledge to solve this word math problem: ## Next similar math problems: • Saving 9 An amount if$ 2000 is invested at an interest of 5% per month. if $200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumul • Loan If you take a bank loan$ 10000 and we want to repay after the year, we have to pay the total amount $10320/ What is the annual interest rate on this loan? • Loan Apply for a$ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
• Repay, interest, loan
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• Loan 4
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• Compound interest 3
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• Compound interest
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• Compound Interest
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• Compound interest 4
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• Future value
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• Simple interest 2
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• Enterprise
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