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Question and answer
Q: What is the maturity date of Samantha Best’s loan?
A: No I am not Samantha.
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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|

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Asked 9/16/2013 6:31:34 PM
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