2. Suppose that the terms on the above loan are changed so that the rate is still 6%, but the loan was made June 1, 2011 and to be repaid September 31, 2012. How much will you need to pay back on 9/31/12?

3. What was the original principal for an 8% simple interest bank account that holds $4340 after 3 years ?

4. A $650 loan is to be repaid in 4 years with an interest rate of 8% compounded yearly. What total amount will be due in 4 years?

4b. The interest is the difference between your principal (borrowed) and how much you paid altogether. How much interest will you pay? (be careful: its NOT i=Prt)

5. Repeat Problem #4, with the interest compounded monthly. What total amount will be due in 4 years? 5b.. How much of this is interest?

Suppose that the terms on the above loan are changed so that the rate is still 6%, but the loan was made June 1, 2011 and to be repaid September 31, 2012. How much will you need to pay back on 9/31/12 2. 3. what was the original principal for an 8% simple interest bank account that holds $4340 after 3 years? AS650 loan i will be due in 4 years? s to be repaid in 4 years with an interest rate of 8% compounded yearly, what total amount 4 4b. The interest is the difference between your principal (borrowed) and how much you paid altogether. How much interest will you pay? (be careful: it's NOT i-Prt) 5, Repeat Problem #4, with the interest compounded monthly, what total amount will be due in 4 years? 5b.. How much of this is interest