A small retailer borrows ($ 3,750) for a repair. The loan has a term of 100 days
Question:
A small retailer borrows \(\$ 3,750\) for a repair. The loan has a term of 100 days at \(13.55 \%\) interest. If the retailer pays a partial payment of \(\$ 2,000\) after 30 days, what will the loan payoff be when the loan is due?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
AJIN kuriakose
I have completed B.Tech in Electrical Engineering & Masters in Power & Control From one of the best universities in India. I got the 99.05 percentile in the Gate Electrical Engineering Exam. I can Help students solving assignments in Electrical subjects like Power Electronics, Control system, Analog, Network Theory & Engineering Mathematics. Clear your fundamentals and develop problem-solving skills and analytical skills to crack the exam.
Get guidance and the opportunity to learn from experienced...
I can provide tuition for Electrical engineering subjects (Power Electronics, Digital electronics, Network Theory, Control System & Engineering Mathematics). The toughest subject of Electrical engineering can be made simple in online classes...
I can also solve it.
1 .I can help you with your assignments or exams or quiz or tutoring.
2. Very strict to the deadlines.
Message me for any help in assignments, live sessions. I am here to help students for all assignments, tests and exams and I will make sure you always get _95% In your subject.
Contact me in solution inn for any help in your semester, projects and for many more things . Also feel free to contact me through solution inn and for any advise related to tutoring and how it works here.thank you.
5.00+
5+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The information provided in this test allows you to set up all ledgers for an Ontario company named DERMAL DECOR. Dermal Decor specializes in high quality aesthetic body art with sterile equipment....
-
Suppose that we want to know the mass of gasoline in an automobile's gas tank. The tank has a volume of 70 L, and a handbook of fluid properties states that the density of gasoline is 736 kg/m. (1000...
-
A sample of 5.53 g of Mg(OH)2 is added to 25.0 mL of 0.200 M HNO3. (a) Write the chemical equation for the reaction that occurs. (b) Which is the limiting reactant in the reaction? (c) How many moles...
-
Give an example of two finite normal extensions K 1 and K 2 of the same field F such that K 1 and K 2 are not isomorphic fields but G(K 1 / F) G(K 2 /F).
-
What is credit risk? What is market risk?
-
T. Hilliary, Inc., uses backflush costing to account for its manufacturing costs. The trigger points for recording inventory transactions are the purchase of materials, the completion of products,...
-
Suppose that Pharoah has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20 2520 22 Purchases 18 units at $22 396 $3600 The company uses a...
-
Sharon invests \(\$ 2,500\) in a CD for her granddaughter. The \(C D\) has a term of 5 years and has a simple interest rate of \(3.11 \%\). After that 5 -year period, how much will the CD be worth?
-
Michelle opens a gaming shop in her small town. She takes out an \(\$ 8,500\) loan to get started. The loan is at \(9.5 \%\) interest and has a term of 5 years. Michelle decides to make a partial...
-
Suppose that math and reading SAT scores have a bivariate normal distribution with the mean of both scores 500, the standard deviation of both scores 100, and correlation 0.70. For someone who scores...
-
2 4. A rod of length 2 cm makes an angle rad with the principal axis of a thin convex lens. The lens has a focal 3 40 3 cm from the object as shown in the figure. The height of the length of 10 cm...
-
7. Consider an LC circuit, with inductance L = 0.1 H and capacitance C = 103 F, kept on a plane. The area of the circuit is 1 m. It is placed in a constant magnetic field of strength Bo which is...
-
Beach 10. The figure shows a circuit having eight resistances of 10 each, labelled R1 to R8, and two ideal batteries with voltages & = 12 V and 2 = 6 V. 1 R B1 Rs R R Which of the following...
-
12. Three plane mirrors form an equilateral triangle with each side of length L. There is a small hole at a distance /> O from one of the corners as shown in the figure. A ray of light is passed...
-
15. A small circular loop of area A and resistance R is fixed on a horizontal xy-plane with the center of the loop always on the axis of a long solenoid. The solenoid has m turns per unit length and...
-
Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accident. The accident kept him out of work for a year. The company has...
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
Suppose Universal Forests current stock price is $59.00 and it is likely to pay a $0.57 dividend next year. Since analysts estimate Universal Forest will have a 13.8 percent growth rate, what is its...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
1. Use the Excel file Asset Allocation Data to determine the following: a.Variances for the individual assets b. Standard deviations for the individual assets c.Covariances between each pair of...
Study smarter with the SolutionInn App