Find the amount of interest and the maturity value of the following loan. Use the formula MV = P + I to find the maturity value.
Principal
Interest Rate
Period
Maturity Value
\$91,000.00
9.25%
2.5 years
?
Here is the second question.
Question 2:
Ace Formal wear buys tuxedos from a supplier and has an invoice amount of \$27,700. The terms of the sale are 3/20, n/30. If Ace sends a partial payment of \$7,400 on the discount date, what is the net amount still due?
hello everyone i have two math problems that i can not seem to get. is there anybody who could help me? I would appreciate it being broke down pleas and thank you.
Question 1:
[FONT=Facitweb]Using the dating method, calculate the discount date and the net date. Unless otherwise specified, the...