Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 41
Solve the following application problem using the United States Rule.
SURVEILLANCE CAMERAS To help detect trespassers at night, a small security firm purchased some high-technology cameras using a note from Citibank for $32,000. The note was signed on July 26 and was due on November 20. The interest rate is 13%. The firm made a partial payment of $6000 on August 31 and a second partial payment of $11,700 on October 4. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
SURVEILLANCE CAMERAS To help detect trespassers at night, a small security firm purchased some high-technology cameras using a note from Citibank for $32,000. The note was signed on July 26 and was due on November 20. The interest rate is 13%. The firm made a partial payment of $6000 on August 31 and a second partial payment of $11,700 on October 4. Find (a) the amount due on the maturity date of the note __________ and (b) the interest paid on the note. __________
Explanation
Verified
Verified
There are days from July to November ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
