Question: On May 3 , 2 0 2 0 1 1 corporation negotiated a short term loan of 7 9 5 0 0 0 phone is

On May 3,202011 corporation negotiated a short term loan of 795000 phone is due off. The loan is due October 1,2020 and carries a 6.30% interest rate use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!