Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary.   Principal = $11,000 Rate (%) = 13 Interest Method = Ordinary  Interest = 770   SOLVE FOR THE FOLLOWING: Time (days) = ___________ days Maturity Value (in $)

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary.

 

Principal = $11,000

Rate (%) = 13

Interest Method = Ordinary 

Interest = 770

 

SOLVE FOR THE FOLLOWING:

Time (days) = ___________ days

Maturity Value (in $) 

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