You have new items in your feed. Click to view.
Q: What is the maturity date of Samantha Best’s loan?
A: No I am not Samantha.
Original conversation
User: What is the maturity date of Samantha Best’s loan?

Weegy: No I am not Samantha.
mammabear2cubs|Points 10|

User: Katie Chalmers borrowed money from her credit union at 13.2% simple interest to buy furniture. If the loan was repaid in 2½ years and the amount of interest was \$1,320, how much did Katie borrow? (Points : 3)

Weegy: I = PRT 1,320 = P * 0.132 * 2.5 1,320 = 0.33P 1,320 / 0.33 = P 4,000 = P
jeifunk|Points 10382|

User: Alicia Eastman deposited \$2,000 in a savings account at the Biltmore Bank paying 6% ordinary interest. How many years will it take for her investment to amount to \$2,600? (Points : 3)

Weegy: It will take 5 years for the investment to amount to \$2,600. Solution: A=P(1+rt); A=P+Prt; t=(A-P)/(Pr); t=(2600-600)/(2000x0.06); t=5
asero1010|Points 4462|

User: Varsity Press, a publisher of college textbooks, received a \$70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5%. The note was made on March 21. What was the maturity date of the note? (Points : 2) 14. Using the scenario from the previous question, calculate the maturity value of the note. (Points : 3) 15. What was the discount date of the note from the previous question? (Points : 3) 16. What proceeds did Varsity Press receive after discounting the note? (Points : 3)

jls|Points 21|

User: Varsity Press, a publisher of college textbooks, received a \$70,000 promissory note at 12% ordinary interest for 60 days from one of its customers, Reader’s Choice Bookstores. After 20 days, Varsity Press discounted the note at the Grove Isle Bank at a discount rate of 14.5%. The note was made on March 21. What was the maturity date of the note? (Points : 2)

jls|Points 21|

Question
Rating

*
Get answers from Weegy and a team of really smart lives experts.
S
L
Points 256 [Total 274] Ratings 0 Comments 186 Invitations 7 Offline
S
L
R
Points 145 [Total 296] Ratings 1 Comments 5 Invitations 13 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 130 Invitations 0 Offline
S
R
L
R
P
R
P
R
Points 66 [Total 734] Ratings 0 Comments 6 Invitations 6 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
P
Points 62 [Total 13329] Ratings 0 Comments 62 Invitations 0 Offline
S
L
1
R
Points 34 [Total 1450] Ratings 2 Comments 14 Invitations 0 Offline
S
L
Points 10 [Total 187] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 13] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.