Find the amount of the loan she should ask

Assignment Help Mathematics
Reference no: EM131826302

Mary owes June $750, and wants to pay her off. She decides to borrow the amount from her bank at a discount rate of 16%. If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $750?

Reference no: EM131826302

Questions Cloud

What amount should be included in the current liability : What amount should be included in the current liability section of Janson's December 31, 2011 balance sheet
Calculate by applying formulas and expected value of sales : Calculate by applying the formulas, expected value of sales in the area, its standard deviation and upper and lower bounds within 95% of confidence interval.
How many adults and how many children went to the? zoo : The Jurassic Zoo charges ?$1414 for each adult admission and ?$66 for each child. The total bill for the 8585 people from a school trip was ?$734734.
Build the network and verify connectivity : Network device, such as a Cisco router, assigns a public address to host devices inside a private network. The main reason to use NATisto reduce the number
Find the amount of the loan she should ask : If she borrows the money for 10 months, find the amount of the loan she should ask for so that her proceeds are $750?
Explain the type of needs assessment : Distinguish between organizational needs assessment and strategic planning, and assess how each can be helpful to identify the needs of an organization.
First rule of factoring : You may use any factoring techniques you learned last week to factor the equation you choose...and, as always, don't forget about the First Rule of Factoring
What is the inventory turnover : Problem - Selected data of Islander Company follows: What is the inventory turnover for 2011
How many of each type of coin do they? have : The total value of the coins in the jar is ?$12.00. How many of each type of coin do they? have?

Reviews

Write a Review

Mathematics Questions & Answers

  Find the length of the space curve

Find the length of the space curve

  Concept of the voice of the customer

Explain the concept of the voice of the customer (VOC). Why would a clear VOC process be important in the supplier to receiving organization relationship? Support your answer with links to the Kano model.

  Fortran subprogram which utilizes the bisection method

Write a FORTRAN subprogram which utilizes the bisection method to carry out this search efficiently. How many times does your routine compare X with an entry of TABLE if TABLE has n entries?

  What is your average daily balance at the end of the month

What is your average daily balance at the end of the month on this card? Hint: You will need to research and find the cost of gas and food in order to solve this. Use the national average as of four months before the date Assignment is due. For in..

  A pool measuring 20 meters by 24 meters is surrounded by a

a pool measuring 20 meters by 24 meters is surrounded by a path of uniform width. if the area of the pool and path

  Display the submatrix of a from rows 5 to 10

Display the submatrix of A from rows 5 to 10 and columns 15 to 20.

  Adult american have normally distributed heights with mean

adult american have normally distributed heights with a mean of 5.8 feet and a standard deviation of 0.2 feet. what is

  Determine the magnitude and direction of the resultant force

Calculate the area of the triangle - Evaluate using determinent method - determine the magnitude and direction of the resultant force.

  What percent will coinsurance clause pay for the loss

If Payten Pastner had homeowners insurance to cover 80% of the property's value, and fire damages were 90% of the total value, what percent will the insurance.

  Find the volume of the solid

Find the volume of the solid whose base is the circlex^2+y^2=36and the cross sections perpendicular to thex-axis are triangles whose height and base are equal.

  What is the measure of the angle between the two shortest

The lengths of the sides of a triangle are 4, 4, and What is the measure of the angle between the two shortest sides?

  What was the duration of loan

Jerry borrowed $10,657.50 from his bank to build an attached garage and work space on his house. Jerry's simple interest loan had a rate of 13% and required him to pay $12,250 under the agreed terms. What was the duration of his loan?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd