A real estate investor feels that the cash flow from a property will enable him to pay a lender N$15,000 per year, at the end of every year, for 10 years. How much should the lender be willing to loan him if he requires a 9% annual interest rate (annually discounting, assuming the first of the 10 equal payments arrives one year from the date the loan is disbursed)?

Loan $8,000,000.00 payout 10 years interest rate 10% what will be the annual payment?

If you borrow $1100 with a simple discount rate of 10% for 4 months, how much will you need to repay?

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

A loan of $15,000 is made at 6.5% interest, compounded annually. After how many years will the amount due reach $35,000 or more? (Use the calculator provided if necessary.)Write the smallest possible whole number answer.

. Now that you are almost finished with school, you also have to start paying back your student loans. You borrowed a total of N$12,500. You plan to pay back the loan over 10 years at an interest rate of 9.4% interest, compounded monthly. How much will your monthly payments be?