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

uld Carbon Dioxide be at its lowest level? A) July B) April C) January D) Ma What created the weather anomaly in the winter of 1980?
Which of the following statements best describes the formation of volcanoes?
What element is in period 4, group 12?
evaluate this equation (-5)^5/(-5)^-6
what is the meaning of a hybrid seed
Plants store _____ energy in their tissues. A mechanical B heat C light D chemical
im sad and depressed because i just got called to the library to get told i didnt mke the team for the battle of the books
Which of the following functions is most likely to have the smallest value for yifx is large? (Assume & is positive) O a direct variation function with a sm
what is a good question for me to ask that i can put up for 100 points?
1+0.9+0.08+0.001 Somebody can help me please