cameron12502
24.07.2020 •
Business
Duerr company makes a $75,000, 60-day, 11% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)
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Ответ:
The maturity value of the loan is $76,375.00
Explanation:
The maturity value of the loan comprises of the face value of the loan plus the interest accrued over the 60-day period as shown below:
face value of the loan=$75000
interest=$75000*11%*60/360
interest on loan=$1375
maturity value=$75000+$1375
maturity value=$76,375.00
Ответ:
B. the amount of increase or decrease.