On January 5, 2019, a $5000 car loan was taken out. On what date did the...
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On January 5, 2019, a $5000 car loan was taken out. On what date did the loan mature if the interest accrued was $158.82? The interest rate on the loan was 9.35%. Multiple Choice July 6, 2019 March 31, 2019 April 23, 2019 May 9, 2019 $13,320 was invested in a 182-day term deposit earning 2.25%. What was its maturity value? Multiple Choice $14,431.23 $13,863.92 $13,469.44 $15,991.17 On January 5, 2019, a $5000 car loan was taken out. On what date did the loan mature if the interest accrued was $158.82? The interest rate on the loan was 9.35%. Multiple Choice July 6, 2019 March 31, 2019 April 23, 2019 May 9, 2019 $13,320 was invested in a 182-day term deposit earning 2.25%. What was its maturity value? Multiple Choice $14,431.23 $13,863.92 $13,469.44 $15,991.17
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1 Calculation of maturity date of loan First we need to calculate number of days for whi... View the full answer
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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