Question: Hernandez decided to borrow $ 8 5 , 0 0 0 for 1 0 months. She found that the bank would lend to her if
Hernandez decided to borrow $ for months. She found that the bank would lend to her if only she had a cosigner on that note fortunately her uncle was a successful business owner, and he agreed to cosign Bank one offered the funds at a simple discount. Once Hernandezs uncle agreed to cosign on a loan, Union Bank offered to lend Hernandez $ at simple interest. Find the interest and maturity value.
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