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Determne the number of days of the loan. Loan Date is Oct 20. Due Date is Dec 18. Whats the number of Days?
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Do you have a calendar? Count the days.
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A $9,000 loan is to be repaid in three equal payments occurring 60, 180, and 300 days, respectively, after the date of the loan.
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Term of Loan/Date of Loan using Banker's Rule?
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To determine the term of the loan and the date of the loan using Banker's Rule, we need to
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From the following information, determine the maturity date of the loan.
Enter the full name of the month. (E.g., March) Loan
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1. Use the United States Rule and/or the Banker's Rule to determine the balance due on the loan at the date of maturity.
The
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To determine the balance due on the loan at the date of maturity, we can use the United States Rule
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A loan has a due date of December 20. If it is made on September 19, for how many days is the loan?
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Sept. -- 30 - 19 = 11 Oct. -- 31 Nov. -- 30 Dec. -- 20 Add.
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A loan has a due date of December 20. If it is made on September 19, for how many days is the loan?
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To determine the number of days for the loan, you can calculate the difference between the two
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The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds.
Date loan was
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To calculate the answers, we first need to determine the discount period, the discount amount, and
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Christine took out a 150-day loan for $2000 at 12% simple interest. After 60 days, she decided to make an early payment of
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To find the balance due on the maturity date of the loan, we need to calculate the interest accrued
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A $4000 loan made at 11.75% is to b repaid in three equal payments, due 30, 90, and 150 days, respectively, after the date of
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To directly answer your question, the values are: x/(1 + 0.1175(30/365)) =x*(1/[1+0.1175(30/365)]
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