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

How would a nurse test a patient's superficial reflex?
Which statement is true about exercise and health?Select one of the options below as your answer: A. As long as you eat right and exercise, you will not develop
How does mass and force affect the motion of an object?
bitter confrontations over what issue earned the new kansas territory the name bleeding Kansas? taxation slavery religion trade
Each muscle is wrapped in a ____________ a thin connective tissue that joins to the tendon
When comparing the digestive and urinary system, we can conclude that they both __________. A. are responsible for regulating the amount of salt in the body B.
Why did English people want to go to the American colonies
What are some ways that diseases can be prevented? (How can you keep yourself healthy?)
There are (35)2 ⋅ 30 leaves on a tree. What is the total number of leaves on the tree? 3^3 , 3^7, 3^10 3^25
Read this excerpt from "Homework." I'd wash the Amazon river and clean the oily Carib & Gulf of Mexico, Rub that smog off the North Pole, wipe up all the pi