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

Every evening Jenna empties her pockets and puts her change in a jar. At the end of the week she counts her money. One week she had 38 coins, all of them dimes
Explain when the congruent complements theorem would be appropriate to use in a proof
A biker rides on a straight line such that his displacement from the starting point is given as x = 2t + t2. what is the average velocity (average rate of chang
By law, all tax laws must originate with the
The three parts of the health triangle need to be _____ and _____. Select two responses.
One of the major characteristics of ars nova music is its use of
please help with this Spanish question
Which statement from Governor George Wallace's inaugural address best supports his claim that the South will always embrace racial separation?
To take game and minimize its suffering, you must know the ______ of the animal you are hunting.
find the first six terms of the sequence. a1 = 4, an = 2 • an-1 Find the first six terms of the sequence.a1 = -4, an = an-1 + 7