Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3 Complete the following using exact interest (Use Days in a year tablol (Do not round intermediate calculations. Round the Interest and Maturity value to
3 Complete the following using exact interest (Use Days in a year tablol (Do not round intermediate calculations. Round the "Interest" and "Maturity value to the nearest cent.) Date repaid Exact time Interest Maturity value Principal $ 2.500 Interest rate 8% Date borrowed May 13 Aug 19 Roberences /Media/Connect Production/bne/Slater_13e/table7_1.jpg Maps TABLE 7.1 Exact days in a year calendar escluding leap year) 31 31 Oct 31 31 30 Nov. 30 Sept. 30 June 31 July 31 Aug 30 Apr 28 Feb Dec 31 May Day of month Jan Mar. 274 244 300 335 213 121 32 33 182 183 2 2 60 61 62 63 91 92 93 94 245 246 247 336 337 338 214 215 216 184 306 302 308 309 34 152 153 154 155 156 157 158 3 4 35 275 276 277 278 279 280 281 359 340 5 122 123 124 125 126 127 128 129 95 5 36 185 186 187 189 217 218 248 249 250 310 37 96 6 7 7 38 65 66 67 341 342 343 97 98 99 189 39 B B 251 252 159 160 312 313 314 282 190 40 68 59 130 100 41 161 191 192 193 162 283 284 285 345 346 1 19 70 253 254 255 256 42 43 163 219 220 221 222 223 224 225 226 227 228 229 12 13 14 12 13 14 101 102 103 104 105 106 71 72 73 44 45 347 349 286 287 257 131 132 133 134 135 136 137 138 139 164 165 166 167 169 194 195 198 197 198 315 316 317 318 319 320 321 322 74 15 15 16 288 289 290 16 47 75 76 17 48 107 349 350 351 352 353 354 199 291 18 49 18 19 77 78 108 109 292 230 231 232 373 169 170 171 172 50 200 201 20 20 140 79 110 111 141 202 233 258 259 260 261 262 263 264 265 266 267 268 269 270 293 294 295 52 53 234 142 143 355 356 357 113 23 144 22 2 24 25 26 22 80 81 82 83 84 85 86 87 174 175 176 177 296 297 299 203 204 205 206 207 24 25 20 27 28 55 56 57 58 358 359 145 114 115 116 117 325 326 327 328 329 330 331 352 333 334 146 147 178 235 236 237 238 239 240 241 222 243 208 299 300 301 302 59 148 179 209 271 360 361 362 363 364 365 118 119 120 149 210 29 30 31 180 181 212 273 30 31 211 89 90 150 151 303 304 212 need to anaendar - E 3 Complete the following using exact interest (Use Days in a year tablol (Do not round intermediate calculations. Round the "Interest" and "Maturity value to the nearest cent.) Date repaid Exact time Interest Maturity value Principal $ 2.500 Interest rate 8% Date borrowed May 13 Aug 19 Roberences /Media/Connect Production/bne/Slater_13e/table7_1.jpg Maps TABLE 7.1 Exact days in a year calendar escluding leap year) 31 31 Oct 31 31 30 Nov. 30 Sept. 30 June 31 July 31 Aug 30 Apr 28 Feb Dec 31 May Day of month Jan Mar. 274 244 300 335 213 121 32 33 182 183 2 2 60 61 62 63 91 92 93 94 245 246 247 336 337 338 214 215 216 184 306 302 308 309 34 152 153 154 155 156 157 158 3 4 35 275 276 277 278 279 280 281 359 340 5 122 123 124 125 126 127 128 129 95 5 36 185 186 187 189 217 218 248 249 250 310 37 96 6 7 7 38 65 66 67 341 342 343 97 98 99 189 39 B B 251 252 159 160 312 313 314 282 190 40 68 59 130 100 41 161 191 192 193 162 283 284 285 345 346 1 19 70 253 254 255 256 42 43 163 219 220 221 222 223 224 225 226 227 228 229 12 13 14 12 13 14 101 102 103 104 105 106 71 72 73 44 45 347 349 286 287 257 131 132 133 134 135 136 137 138 139 164 165 166 167 169 194 195 198 197 198 315 316 317 318 319 320 321 322 74 15 15 16 288 289 290 16 47 75 76 17 48 107 349 350 351 352 353 354 199 291 18 49 18 19 77 78 108 109 292 230 231 232 373 169 170 171 172 50 200 201 20 20 140 79 110 111 141 202 233 258 259 260 261 262 263 264 265 266 267 268 269 270 293 294 295 52 53 234 142 143 355 356 357 113 23 144 22 2 24 25 26 22 80 81 82 83 84 85 86 87 174 175 176 177 296 297 299 203 204 205 206 207 24 25 20 27 28 55 56 57 58 358 359 145 114 115 116 117 325 326 327 328 329 330 331 352 333 334 146 147 178 235 236 237 238 239 240 241 222 243 208 299 300 301 302 59 148 179 209 271 360 361 362 363 364 365 118 119 120 149 210 29 30 31 180 181 212 273 30 31 211 89 90 150 151 303 304 212 need to anaendar - E
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started