Tuesday
July 29, 2014

Homework Help: Business Maths

Posted by Ekanki on Monday, April 23, 2012 at 9:58pm.

May. 10, 2010, Leven Corp. negotiated a short-term loan of $705,000. The loan is due Oct. 2, 2010, and carries a 7.06% interest rate. Use ordinary interest to calculate the interest.

What is the total amount Leven would pay on the maturity date?(Use table value.) (Use 360 days a year. Do not round intermediate calculations. Round your answer to two decimal places. Omit the "$" sign in your response.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

business math - Term of Loan/Date of Loan using Banker's Rule? I need helps in ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
math - The total amount of interest on a loan of $6,000 for 150 days is 210.50....
math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
math - The total amount of interest on a loan of $6,000 for 150 days is $210.50...
Business finance - In a discount interest loan, you pay the interest payment up...
business math - Janet Home went to Citizens Bank. She borrowed $7,000 at a rate ...
U.S. and Global Economics - The owner of a flower shop needs a short-term loan ...
VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...
Math - Mr. Nielson wants to borrow $1,000 for 2 years. He is given the choice of...

Search
Members