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 134 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
:D TYSM

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Spectral Line Motion in Binary Star Systems Spectral Line Motion in Binary Star Systems
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Influence of substrate concentration on the rate of an enzyme-catalyzed reaction. Influence of substrate concentration on the rate of an enzyme-catalyzed reaction.
Some Ford metal line connections use springlocks and O-rings. Some Ford metal line connections use springlocks and O-rings.
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library