A small business borrows $6,000 at % for 48 months. How much interest does the business owe?

How much was borrowed if the interest at 8% after 3 months is P6,000.00?

Use Excel to calculate the total interest on a $818,363 loan for a small business making monthly payments with an interest rate of 4% over 30 years.Round your answer to the nearest hundredth. Enter your answer as a positive number.

The business has a loan of $50,000 and makes interest-only repayments of 1% interest per month. It is the end of the month and they are making their $500 interest payment.

A company borrows money as needed on the first day of the month and repays principal and interest on the last day of the budget period, if cash is available.  For the second quarter of the year, they borrowed $10,000 in April, $8,000 in May and $5,000 in June.  The interest rate is 1% per month.  Assuming enough money is available on June 30th to repay the debt, the total amount of interest due is Blank______.Multiple choice question.$560$230$690

A private investor loans $4,500 to a new business at an annual interest rate of % for 8 years. How much interest will the investor earn after those 8 years?