Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal interest rate date borrowed date repaid exact time interest maturity value $1,500 12% May 15 January 16
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Complete the following, using ordinary interest. (Use Days in a year table.)
Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent.
| Principal | interest rate | date borrowed | date repaid | exact time | interest | maturity value |
| $1,500 | 12% | May 15 | January 16 |
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- Complete the following, using exact interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent.) Principal Interest rate Date borrowed Date repaid Exact time Interest Maturity value $1,200 12% July 7 Jan 10Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. $ Principal 1,328 Interest rate 5% Date borrowed June 08 Date repaid January 19 Exact time Interest Maturity valueComplete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest rate date borrowed date repaid exact time interest Maturity value $1,000 8% March 08 June 9 TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of month 31 January 28 February 31 March 30 April 31 May 30 June 31 July 31 August 30 September 31 October 30 November 31 December 1 1 32 60 91 121 152 182 213 244 274 305 335 2 2 33 61 92 122 153 183 214 245 275 306 336 3 3 34 62 93 123 154 184 215 246 276 307 337 4 4 35 63 94 124 155 185 216 247 277 308 338 5 5 36 64 95 125 156 186 217 248 278 309 339 6 6 37 65 96 126 157 187 218 249 279 310 340 7 7 38 66 97 127 158 188 219 250 280 311 341 8 8 39 67 98 128 159 189 220 251 281 312 342 9 9 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 11 11 42…
- Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest Rate Date borrowed date repaid exact time interest maturity $1,400 9% March 09 June 11Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest rate date borrowed date repaid exact time interest Maturity value $1,325 12% July 12 January 08 TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of month 31 January 28 February 31 March 30 April 31 May 30 June 31 July 31 August 30 September 31 October 30 November 31 December 1 1 32 60 91 121 152 182 213 244 274 305 335 2 2 33 61 92 122 153 183 214 245 275 306 336 3 3 34 62 93 123 154 184 215 246 276 307 337 4 4 35 63 94 124 155 185 216 247 277 308 338 5 5 36 64 95 125 156 186 217 248 278 309 339 6 6 37 65 96 126 157 187 218 249 279 310 340 7 7 38 66 97 127 158 188 219 250 280 311 341 8 8 39 67 98 128 159 189 220 251 281 312 342 9 9 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 11 11…Solve the following exercise by using the compound interest formula. Do not round intermediate calculations. Round your answers to the nearest cent. Principal Time Period(years) NominalRate % InterestCompounded CompoundAmount CompoundInterest $14,650 8 2.4 quarterly $ $
- Solve for the missing item in the following. (Do not round intermediate calculations. Round your answer to the nearest cent.) Principal Interest Rate Date Borrowed Date Repaid Exact Time Interest Maturity Value $585 9% June 05 Dec 15I could use some help with this problem from my study guide specificly on annual interest rate and total interest thank you The following are data on three promissory notes.Determine the missing amounts. (Round answers to 0 decimal places, e.g. 5,275. Use 360 days for calculation.) Date of Note Terms MaturityDate Principal AnnualInterest Rate TotalInterest (a) April 1 60 days select a maturity date May 30May 31June 1July 31August 1August 2August 3September 6September 7September 8 $716,400 5 % $enter a dollar amount (b) July 2 30 days select a maturity date May 30May 31June 1July 31August 1August 2August 3September 6September 7September 8 90,000 enter percentages % $600 (c) March 7 6 months select a maturity date May 30May 31June 1July 31August…Determine the due date and amount of interest due at maturity on the following notes. Assume 360 days per year. Do not round intermediate calculations and round your final answers to the nearest dollar. OriginationDate FaceAmount Termof Note InterestRate MaturityDate InterestAmount a. Mar. 15 $8,000 60 days 9% $fill in the blank 2 b. May 1 12,000 90 days 8% $fill in the blank 4
- Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate(%) Time(days) InterestMethod Interest Maturity Value(in $) $3,300 % 162 Exact $220 $Complete the following without using Table 12.1. (Round the "Total amount" and "Total interest" to the nearest cent.) Principal Time (years) Rate of compound interest Compounded Periods Rate Total amount Total interest $575 1 4 % Quarterly %Solve the following exercise by using the compound interest formula. Do not round intermediate calculations. Round your answers to the nearest cent. Principal Time Period(years) NominalRate % InterestCompounded CompoundAmount CompoundInterest $900 5 5.5 annually $ $