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

round 3489 to nearest thousand
One liter of petrol costs $187/4. What is the cost of $35 liters of petrol
The human respiratory system consists of various organs that work together to accomplish the vital task of bringing oxygen into the body. One organ listed is pa
What part of the country is wet and has mild winters and hot summers? A. Northeast B. Southeast C. Southwest D. Midwest
Which of the following sentences contains an error with the subject and the verb? A. He has hiked many times this summer. B. I have hiked many times this summer
what is the value of 8 in 826140
.340 in expanded notation
The invention of the water frame served many purposes. Which of the following was not a result of this invention? a. It was possible to produce more durable co
What was the result of the Supreme Court's Dred Scott decision?
what is 127,034 rounded to the nearest ten thousand