Jackie K.

asked • 10/20/12

maturity value/ please help.........

May. 15, 2010, Leven Corp. negotiated a short-term loan of $703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest.

What is the total amount Leven would pay on the maturity date?(Use table value.) (Use 360 days a year. Do not round intermediate calculations. Round your answer to two decimal places. Omit the "$" sign in your response.)

Maturity value $

2 Answers By Expert Tutors


Michael F. answered • 10/07/13

4.9 (15)

Mathematics Tutor

Stacy D. answered • 10/20/12

5 (1)

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