Business Mathematics

38. PHYSICAL THERAPIST A physical therapist signed an 11-month, note with a maturity value of $92,836.92 due on March 30. Find (a) the date the loan was made and (b) the face value 18. INCOME TAX PAYMENT LaTonya Barker must make a quarterly tax payment to the Internal Revenue Service. She decides to borrow money from her company (Bicycles Unlimited) and repay the loan in 100 days using an $8500 bonus she will receive at that time. Given an 8.5% discount rate, find the discount and the proceeds