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

Adolescents require fewer hours of physical activity than adults. a. True b. False
The diameter of a bacteria colony that doubles every hour is represented by the graph below. What is the diameter of the bacteria after 9 hours? (0,1) (1,2) (2,
what seems to be the tone in I Am Riding ON A cloud
What does 7a + 21b + 42c equal?
math : 44 is 55% of what
what factors determine where a population can live
Pizza Perfection sold 93 pizzas on Monday, 67 pizzas on Tuesday, 78 pizzas on Wednesday, 44 pizzas on Thursday, and 123 pizzas on Friday. On average, how many p
explain why all of the graphs in this lesson show the first quadrant but omit the other three quadrants
Which one of the following choices is the closest in size to one serving of meat? A. A deck of cards B. A baseball C. A coffee mug D. An open palm
Articles of..... What