Mathematics, 24.11.2019 00:31 danielamejia13
To take advantage of a bicycle manufacturer's closeout special on bikes, wheels inc. borrowed $50,000 from union trust bank. union trust bank charged 3.21% ordinary interest over prime on the loan. the term of the loan was 175 days and the prime rate was 7.35%. what was the maturity value of the loan?
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To take advantage of a bicycle manufacturer's closeout special on bikes, wheels inc. borrowed $50,00...
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