Mathematics, 15.04.2020 03:22 sherifour

On April 3, the Mears Flag Company borrowed $18 comma 000 to pay for start-up costs for its new Showroom. The loan had a simple interest rate of 8.25% and was for 230 days. The company was able to make partial payments of $5000 on May 28 and $2500 on October 12. How much will the company owe on the date of maturity? Assume 360 days in a year.

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On April 3, the Mears Flag Company borrowed $18 comma 000 to pay for start-up costs for its new Show...