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

Author Question: What is the number of days in a loan that extends from January 21 to June 20? Assume a nonleap ... (Read 34 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 24, 2018
What is the number of days in a loan that extends from January 21 to June 20? Assume a nonleap year.

Question 2

What is the maturity due date on a 100-day loan that begins April 15?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
Answer to Question 1

150 days;
10 more days in January plus 28 in February, 31 in March, 30 in April, 31 in May, and 20 in June
10 + 28 + 31 + 30 + 31+ 20 = 150 days

Answer to Question 2

July 24;
15 more days in April; 31 in May; 30 days in June;
15 + 31 + 30 = 76; 100 - 76 = 24, therefore July 24


shenderson6

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 24, 2018
Thank you :)


leahchrapun

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Number Number
Prove the argument using two column proof number 5 only Prove the argument using two column proof number 5 only
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
The potential involvement of colchicine in doubling the chromosome number The potential involvement of colchicine in doubling the chromosome number
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library