Mathematics, 16.01.2020 20:31 waterborn9800
8. home remodeling company borrowed $125,000 from dodge bank & trust to pay for materials and labor for a
new warehouse. corner bank lent the money at 2.0% above the prime rate of 5.25%. the loan is ordinary
interest for 90 days. what is the maturity value of the loan?
a. $122,734.37 b. $127,265.63
c. $129,699.42 d. $132,819.35
Answers: 1
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8. home remodeling company borrowed $125,000 from dodge bank & trust to pay for materials and l...
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