On April 3 the Mears Flag Company borrowed 14 000 to pay for start up...
80.2K
Verified Solution
Link Copied!
Question
Algebra
On April 3 the Mears Flag Company borrowed 14 000 to pay for start up costs for its new Showroom The loan ha a simple interest rate of 8 75 and was for 290 days The company was able to make partial payments of 5000 o May 28 and 2500 on October 12 How much will the company owe on the date of maturity Assume 360 days in a year Click the icon to view a table of the number of the day of the year for each date The company will owe on the date of maturity Round to the nearest cent as needed
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!