Posted by **lost** on Friday, June 21, 2013 at 3:26pm.

Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate was 14% using the ordinary interest rate method. On day 25 of the loan, Euromart made a partial payment of $15,000, and on day 45 of the loan, Euromart made a second partial payment of $10,000. What was the new maturity value of the loan?

## Answer This Question

## Related Questions

- math - Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate ...
- Math - Euromart Tile Company borrowed $40,000 on April 6 for 66 days. The rate ...
- Business Math - Alicia borrowed $8,500 at 6% ordinary interest for 180 days. ...
- Business Math - Alicia borrowed $8,500 at 6% ordinary interest for 180 days. ...
- Business Math - Myerson borrowed $8,500 at 9% ordinary interest for 200 days. ...
- math - Alicia borrowed $8,500 at 6% ordinary interest for 180 days. After 40 ...
- wlac - Kit borrowed $15,500 at 11% ordinary interest for 120 days. After 70 days...
- businss math - Caridad borrowed $15,500 at 11% ordinary interest for 120 days. ...
- 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...

More Related Questions