joesephhardaway3039 joesephhardaway3039
  • 02-07-2021
  • Business
contestada

Duerr company makes a $67,000, 90-day, 10% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)

Respuesta :

andromache andromache
  • 03-07-2021

Answer:

the maturity value of the loan is $68,675

Explanation:

The maturity value of the loan is shown below:

= Loan amount + interest charged

= $67,000 + ($67,000 × 10% × 90 days ÷ 360 days)

= $67,000 + $1,675

= $68,675

hence, the maturity value of the loan is $68,675

Answer Link

Otras preguntas

in priyas math class there are 10 boys and 15 girls. What is the ratio of boys to girls in priyas math class? express your answer as a decimal
That anyone know ?how to do
A bird on top of a 200 ft bridge tower sees a man standing on the lower part of the bridge (which is 50 ft above the ground). The angle of depression from the b
Please need help on this
five students had to answer the question how are elements arranged in a periodic tableDamon:I think the elements are arranged by increasing massFlo: I think the
Jane moves from a house with 71 square feet of closet space to an apartment with 45.44 square feet of closet space. What is the percentage decrease of Jane’s cl
Divide. Simplify the answer
The table below represents the displacement of a fish from its reef as a function of time: Time (hours) x Displacement from reef (feet) y 0 4 1 64 2 124 3 184
In the decision for Dred Scott vs.Sanford, (1857) in which a slave petitioned for his freedom in a St. Louis court, on the grounds that his owner had taken him
what is the main idea of this excerpt? 1.1.3