
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
النسخة 8الرقم المعياري الدولي: 978-1305585454
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
النسخة 8الرقم المعياري الدولي: 978-1305585454 تمرين 3
Solve the following word problems. Round to the nearest cent when necessary.
Euro mart Tile Company borrowed $40,000 on April 6 for 66 days. The rate was 14% using the ordinary interest method. On day 25 of the loan, Euro mart made a partial payment of $15,000, and on day 45 of the loan. Euro mart made a second partial payment of $10,000.
a. What was the new maturity value of the loan
b. What was the maturity date of the loan
Euro mart Tile Company borrowed $40,000 on April 6 for 66 days. The rate was 14% using the ordinary interest method. On day 25 of the loan, Euro mart made a partial payment of $15,000, and on day 45 of the loan. Euro mart made a second partial payment of $10,000.
a. What was the new maturity value of the loan
b. What was the maturity date of the loan
التوضيح
a. Step 1 : Compute the interest from th...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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حرف 255

