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/ On January 31, Jackson Paints & Supplies borrowed $104,000 to build a...

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On January 31, Jackson Paints & Supplies borrowed $104,000 to build a metal building for use as a warehouse. The 3-month loan has a rate of 10.5%. Find (a) the due date and (b) the maturity value of the loan. (a) The due date is April 30. (b) The maturity value is $. (Round to the nearest cent as needed.) A homeowner borrowed $6710 for landscaping. He signed a 90-day note on May 19 at 12% interest. Find the due date and the maturity value. 1 The due date (month/day) is 8/17). The maturity value is $ (Round to the nearest cent.) A construction company needs to borrow $310,000 for a new job. They decide to borrow the funds at 12% for 220 days. In 1980, the same note would have been at a rate of 23%. Find the difference in the interest charges based on the two rates. Assume 360 days in a year. The difference is $ (Round to the nearest dollar.) Find the time of the loan. Interest Time Principal $3900 Rate 1 10--% 4 $126.81 ? months The time of the loan is months. (Round to the nearest month.)

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