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 35 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?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
The Location and Number of Food- and Beverage-Processing Facilities The Location and Number of Food- and Beverage-Processing Facilities
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
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. ...
Number of cells in the brain Number of cells in the brain
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library