Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Duerr company makes a $67,000, 90-day, 10% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)

Sagot :

Answer:

the maturity value of the loan is $68,675

Explanation:

The maturity value of the loan is shown below:

= Loan amount + interest charged

= $67,000 + ($67,000 × 10% × 90 days ÷ 360 days)

= $67,000 + $1,675

= $68,675

hence, the maturity value of the loan is $68,675

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.