How much did she owe the bank on the date of maturity? Yolanda received a $5400 loan

Question:

How much did she owe the bank on the date of maturity?

Yolanda received a $5400 loan with a 12.5% interest rate for 90 days on August 1. Yolanda made a payment of $3000 on September 15.

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

Step by Step Answer:

Related Book For book-img-for-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

See More Books

Question Posted: Jan 24, 2019 04:34 AM

See More Questions

Ridgewood Savings Bank charges a $27 per check overdraft protection fee. On July 8, Nancy had $1,400 in her account. Over the next four days, the following checks arrived for payment at her bank:...
Julie borrowed $3650 from her bank for 18 months using a 7.6% discount note. (a) How much interest did Julie pay the bank for the use of its money? (b) How much did she receive from the bank? (c)...
The college hiking club is having a fundraiser to buy new equipment for fall and winter outings. The club is selling Chinese fortune cookies at a price of $1 per cookie. Each cookie contains a piece...
Which of the following variables was controlled in Experiment 1? F. Amount of yeast G. Percent of molasses H. Percent of sucrose J. Carbon dioxide levels Experiment 1 Since yeast needs sucrose to...
The article "The Accuracy of Stated Energy Contents of Reduced-Energy, Commercially Prepared Foods" (J. of the Amer. Dietetic Assoc., 2010: 116-123) presented the accompanying data on vendor-stated...
Over the years, McLaughlin Corporation's stockholders have provided $35,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The...
What are Gantt charts? How are they used in scheduling? What are the advantages of using Gantt charts? LO.1
Quest Motors Inc. operates as a decentralized multidivision company. The Tivo Division of Quest Motors purchases most of its airbags from the Airbags Division. The Airbag Division's incremental cost...
CSB, Inc., has a of .765. If the expected market return is 11% and the risk-free rate is 7%, what is the appropriate required return of CSB (using the CAPM)
1. If MII sues CP in a state trial court for the losses it incurred, what would CPs likely defense be? 2. Discuss the significance of the fact that the original lease did not have an arbitration...
Fill in the blanks with an appropriate word, phrase, or symbol(s). A variable annuity is an annuity that is invested in stocks, bonds, mutual funds, or other investments that do not provide a(n)...
Fill in the blanks with an appropriate word, phrase, or symbol(s). The final step of purchasing a home is called the ____________ .
Mikes Bikes produces specialized bicycle frames. The production process uses two machines, which together form a cash generating unit. The following information is relevant to the evaluation of...
MAT 152 Project 3: MLB Team Salaries The data set below is the total salary of each Major League Baseball (MLB) team salaries per team in 2016. Find the probabilities for normal distributions and...
deficit, surplusincreased, decreased$795, $1,975, $54,635, $35 6. Cash-flow statement Sam and Joan Wallingford have been married for two years. They have been trying to save but feel that there is...
Trudy bought the vacant lot adjacent to her house and planted a large garden there. The garden produces more vegetables than her family needs, and Trudy earns some extra cash by selling them at a...
Requirements Medical researchers once conducted experiments to determine whether Lisinopril is a drug that is effective in lowering systolic blood pressure of patients. Patients in a treatment group...
1. Balroop while looking for Gurjap walks 315m [N] toward the forest, then 133 m [28 S of E] through it, and finally finds him deep inside the forest after walking another 55 m [ 31 S of W]....
Jackson is 18 years old and has a dog-sitting business. Calculate the 2022 standard deduction Jackson will claim under the following independent circumstances. a) Jackson reported $2,000 of earnings...
Michelles trust is subject to 3.8% surtax on the lesser of the trusts net investment income or the excess of the trusts adjusted gross income over the $12,400 threshold (the highest trust tax rate)....
At a drop-in mathematics tutoring center, each teacher sees 4 to 8 students per hour. The probability that a tutor sees 4 students in an hour is 0.117; 5 students, 0.123; 6 students, 0.295; and 7...
The probability that a hockey team scores a total of 1 goal in a game is 0.124; 2 goals, 0.297; 3 goals, 0.402; 4 goals, 0.094; and 5 goals, 0.083. Construct the probability distribution for this...
In a popular day care center, the probability that a child will play with the computer is 0.45; the probability that he or she will play dress-up is 0.27; play with blocks, 0.18; and paint, 0.1....
What is the present value of $500 invested each year for 10 years at a rate of 5%?
GL1203 - Based on Problem 12-6A Golden Company LO P2, P3 Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are...
A project with an initial cost of $27,950 is expected to generate cash flows of $6,800, $8,900, $9,200, $8,100, and $7,600 over each of the next five years, respectively. What is the project's...

How much did she owe the bank on the date of maturity? Yolanda received a $5400 loan

Question:

Step by Step Answer:

Partial payment on Sept 15 45 ...View the full answer

A Survey of Mathematics with Applications

Students also viewed these Mathematics questions