# math

From the following information, determine the maturity date of the loan.

Enter the full name of the month. (E.g., March)

Loan Date Time of Loan (days) Maturity Date

February 5 110

1. 👍 0
2. 👎 0
3. 👁 73
1. rom the following information, determine the maturity date of the loan.

Enter the full name of the month. (E.g., March)

Loan Date Time of Loan (days) Maturity Date

February 5 110

1. 👍 0
2. 👎 0
posted by reva
2. Date loan was made July 14, Face value \$20,400, Term of loan 90 days, Rate 113/4, date loan is due__________, Maturity value___________

1. 👍 0
2. 👎 0
posted by stefone

## Similar Questions

1. ### help

From the following information, determine the maturity date of the loan. Enter the full name of the month. (E.g., March) Loan Date Time of Loan (days) Maturity Date February 5 110

asked by reva on December 21, 2014
2. ### Math

What is the amount of interest on the loan? \$ b. What is the maturity value of the loan? \$ c. What is the maturity date of the loan? Enter the full name of the month.

asked by kendra on September 2, 2014
3. ### math

On April 12, Michelle Lizaro borrowed \$5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method. a. What is the amount of interest on the loan? \$ b. What is the maturity value of the loan?

asked by reva on December 18, 2014
4. ### math

Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Pinnacle Manufacturing received a \$40,000 promissory note at 12% simple interest for 95 days from one of

asked by reva on December 22, 2014
5. ### interest math

On April 12, Michelle borrowed \$5,000 from her credit union at 9% for 80 days. The credit union uses the ordinary interest method. a. What is the amount of interest on the loan? \$90 b. What is the maturity value of the loan?\$5090

asked by lynda on November 14, 2013

Term of Loan/Date of Loan using Banker's Rule? I need helps in solving this question. I have to submit it by today.Tq On 4 Oct 2010, Alia paid \$8200 for his loan of \$8000 made on a certain date. If the simple interest rate was 5%,

7. ### Maths

Use the United States Rule and/or Bankerâ€™s Rule to determine the balance due on the note at the date of maturity. (The effective date is the date the note was written.) Principal - 6000 Rate - 5% Effective Date - May 15 Maturity

asked by Kim on March 10, 2008
8. ### Math

On May 23, Samantha Best borrowed \$40,000 from the Tri City Credit Union at 13% for 160 days. The credit union uses the exact interest method. What was the amount of interest on the loan? Using the scenario from the previous

asked by Ashley on September 16, 2013
9. ### math

A partial payment is made on the date(s) indicated. Use the United States Rule to determine the balance due on the note at the date of maturity. (The Effective Date is the date the note was written.) Assume the year is not a leap

asked by Melanie on June 13, 2011
10. ### math(simple interest)

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. Calculate the size of these payments if the interest rate on the loan is 7 1/4%. Use the loan date as

asked by Thara on July 22, 2009

More Similar Questions