Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What is the maturity date of Samantha Best’s loan?
A: No I am not Samantha.
Get an answer
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)

Weegy: Please ask one question at a time.
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)

Weegy: Please ask one question at a time.
jls|Points 21|

Question
Asked 9/16/2013 6:31:34 PM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,808,462 questions answered
Popular Conversations
Which of the following countries has the highest number of Fortune ...
Weegy: UNITED STATES has the highest number of Fortune 100 companies.
8/23/2017 1:32:10 AM| 0 Answers
Plot, character, and setting do not affect one another. True False ...
Weegy: Plot, character, and setting do not affect one another. FALSE. User: The words he said are considered ...
8/18/2017 8:46:59 AM| 0 Answers
Weegy Stuff
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 3] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.