Register

- Nathaniel Barnes obtained a single- payment loan of $1,200 to purchase a computer. He agreed to repay the loan in 120 days at an ordinary interest rate of 7%. What is the matu…

- Nathaniel Barnes obtained a single- payment loan of $1,200 to purchase a computer. He agreed to repay the loan in 120 days at an ordinary interest rate of 7%. What is the matu…
asked 212k views
1 vote
- Nathaniel Barnes obtained a single-

payment loan of $1,200 to purchase a
computer. He agreed to repay the loan in
120 days at an ordinary interest rate of 7%.
What is the maturity value of his loan?

asked
User Qqqqqqq
by
8.1k points

1 Answer

3 votes

Answer: 1.25

Step-by-step explanation: Divide 1,200 in 7 days and the aswer is 1.25

answered
User Sachin Gurnani
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!