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On March 1, the Zwick Balloon Company signed a $6900 note with simple interest of 921% for 230 days. The company made payments of $1750
On March 1, the Zwick Balloon Company signed a $6900 note with simple interest of 921% for 230 days. The company made payments of $1750 on May 1 and $2250 on July 1 . How much will the company owe on the date of maturity? Assume 360 days in a year. Click the icon to view a table of the number of the day of the year for each date. The company will owe $ on the date of maturity. (Round to the nearest cent as needed.)
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