Friday
August 1, 2014

Homework Help: math

Posted by Anonymous on Sunday, December 15, 2013 at 12:28am.

On the June 12 interest payment date, the outstanding balance on Delta Nurseries’ revolving loan was $65,000. The floating interest rate on the loan stood at 9.25% on June 12, but rose to 9.5% on July 3, and to 10% in July 29. If Delta made principal payments of $10,000 on June 30 and July 31, what were the interest charges to its bank account on July 12 and August 12?
Present a repayment schedule supporting the calculations.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - On the June 12 interest payment date, the outstanding balance on Delta ...
Maths - Principal - 6000 Rate - 5% Effective Date - May 15 Maturity Date - ...
Mathematics - A loan of $7,000,000 is being amortised over 48 months at an ...
Mathematics - A loan of $7,000,000 is being amortised over 48 months at an ...
accounting - Howell Corporation purchased $350,000 of its bonds on June 30, ...
accounting - I have figured this out I just want to make sure I am correct in my...
Accounting - When long-term investments in bonds are sold before their maturity...
What is math - a credit card account has $650 balance on May 5. A purchase of $...
Mathematics - An invoice is dated January 24 with terms 2/10 – 20x. Find the ...
business math - margie pagano is buying a car. her june payment monthly interest...

Search
Members