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

Jessica buys a lamp that cost $35 and a table that cost $75 if the tax rate is 10% what would be the total cost of the lamp and table
In a wooded area, you randomly select 10 trees and find that 5 are tagged. you conclude that there is a 50% probability of randomly selecting a tagged tree.
Which car safety device should be used for a child who is 8 years old and is 4 feet tall?
What is significant of "was it a dream"
The statement “Prime numbers are not divisible by 2” has a counterexample true or false
Solve this system and list the method that you chose graphing substitution or elimination Y=2x-12 Y=-x+3
What occurs in the brain during the pruning process?
Which presidential oversight includes the state of the union address? the president can issue executive orders and party agenda. the president is commander in c
What is common to the variation in the range and the height of a projectile
Simplify the quantity x plus 6 over 12, all over the quantity x minus 8 over 10.