What was the principal amount of a loan at 9 if $67 78 of interest accrued from October 28, 2010, to April 14, 2011 ...

Number of days April 14 2011 ...

What was the principal amount of a loan at 9 % if $67.78 of interest accrued

Question:

What was the principal amount of a loan at 9 ½ % if $67.78 of interest accrued from October 28, 2010, to April 14, 2011?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Sep 21, 2024 08:01 AM

See More Questions

Determine the radius of convergence of the following power series. Then test the endpoints to determine the interval of convergence. 2k (x - 3)k k
1. According to the SLII model (see Figure 5.1), what style of leadership is Jim using to run the seminars? 2. At what level are the managers? 3. From a leadership perspective, what is Jim doing...
Super Sales Company is the exclusive distributor for a revolutionary bookbag. The product sells for $60 per unit and has a CM ratio of 40%. The companys fixed expenses are $360,000 per year....
What was the principal amount of a loan at 9 % if $67.78 of interest accrued from October 28, 2010, to April 14, 2011?
In an L-R-C series circuit, R = 300, L = 0.400 H, and C = 6.00 X 10-8 F. When the ac source operates at the resonance frequency of the circuit, the current amplitude is 0.500 A. (a) What is the...
Score: 0 of 1 pt P3-4 (similar to) Future value. Grand Opening Bank is offering a one-time investment opportunity for its nel bond must be held for at least five years, but can then be cashed in at...
An $85,000 investment earned a 6.9% rate of simple interest from December 1, 2010, to May 30, 2011. How much interest was earned?
On June 26 Laura put $2750 into a term deposit until September 3, when she needs the money for tuition, books, and other expenses to return to college. For term deposits in the 60 to 89-day range,...
If you were dismissed in circumstances that you regarded as legally unfair, would you prefer to seek satisfaction through ACAS conciliation or through a tribunal hearing? Why? LO6
Fournier Industries, a publicly traded waste disposal company, is a highly leveraged firm with 70 percent debt, 0 percent preferred stock, and 30 percent common equity financing. Currently the...
Risk Management Discussion Question # 1: Do the sunbeam deals calls into question the credibility of AMA?
The table below shows Ali's monthly costs of producing wheat.Suppose the current market price of wheat is $74.90 per bushel. Ali's Wheat Production Costs Quantity (bushels) AVC (dollars) ATC...
1.The motion of an athletic mouse is shown in the graph below. Use the graph to answer the following questions. (a) Total distance travelled. (b) Total displacement (c) Average speed (d) Average...
10. To find out dissatisfiers, the best starting point is (a) Market research (b) Benchmarking (c) Brainstorming (d) Customer complaints 11. Which of the following are important for front line...
(a) Find the number such that the line x = a bisects the area under the curve y = 1/x2, 1 < x < 4 (b) Find the number such that the line y = b bisects the area in part (a).
Smthe Co. makes furniture. The following data are taken from its production plans for the year. Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs...
Journalize the following merchandise transactions: a. Sold merchandise on account, $41,000 with terms 1/10, n/30. The cost of the merchandise sold was $22,500. b. Received payment less the discount.
Journalize the following merchandise transactions: a. Sold merchandise on account, $16,000 with terms 2/10, n/30. The cost of the merchandise sold was $9,600. b. Received payment less the discount.
Kosmos Company purchased merchandise on account from a supplier for $21,500, terms 1/10, n/30.Kosmos Company returned $1,500 of the merchandise and received full credit. a. If Kosmos Company pays the...
Done Budgeted Activity Process Assembly Activity Machining Setups Budgeted Cost Activity Cost Driver Usage $ 310,200 22,000 Machine hours (MH) 7,200 Setups 60 $ 332,200 Finishing Inspecting $ 228,000...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing...
8 00 Keller Company makes two models of battery-operated boats, the Sandy Beach and the Rocky River, Basic production information follows: 25 Sandy Beach points Direct materials cost per unit $19.40...

What was the principal amount of a loan at 9 % if $67.78 of interest accrued

Question:

Step by Step Answer:

Number of days April 14 2011 ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions