This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Your Office Supply has a 42,500 line of credit that charges an annual percentage rate of prime rate ... (Read 174 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
Your Office Supply has a 42,500 line of credit that charges an annual percentage rate of prime rate plus 3. Their starting balance on March 1 was 10,600. On March 5, they borrowed 7,500. On March 14, the business made a payment of 3,300, and on March 18, they borrowed 5,300. If the current prime rate is 9, what is the new balance?
 A) 26,100.00
  B) 20,276.10
  C) 27,583.43
  D) 18,400.29

Question 2

Solve the equation for the unknown: 2B + 28 = 82


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

27


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 24, 2018
Gracias!

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world. Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
Line analysis of Titian, Assumption and Consecration of the Virgin. Line analysis of Titian, Assumption and Consecration of the Virgin.
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
Static Stability & Environmental Lapse Rate Static Stability & Environmental Lapse Rate
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library