On April 3, the Mears Flag Company borrowed $19,000 to pay for start-up costs for its new Showroom. The loan had a simple interest rate of 6.75% and was for 240 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.
^(1) Click the icon to view a table of the number of the day of the year for each date.
The company will owe $ on the date of maturity.
(Round to the nearest cent as needed.)
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able[[Days in Each Mlonth],[ able[[Day of],[Month]], able[[31],[Jan.]], able[[28],[Feh.]], able[[31],[Mlar.]], able[[30],[Apr.]], able[[31],[May
20. On April 3,the Mears Flag Company borrowed S19,000 to pay for start-up costs for ils new Showroom.The loan had a simple interest rate of 6.75% and was for 240 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. 1 Click the icon to view a table of the number of the day of the year for each date.
The company will owe S on the date of maturity (Round to the nearest cent as needed)
1:More Info
Days in Each Month 31 30 31 30 31 31. 3031 30 31
Dayor 31 Month Jan Feh. Mar May June July ept tct. Nov. Dee Day1 32 60 2 15 213 244 274 305 335 Day 2 2 33 61 92 23 SX 214 245 275 306 336 Day 3 3 tE 62 7 215 276 307 337 Day 4 4 35 63 116 247 277 308 338 Day 5 5 36 278 309 339 Day 6 37 65 279 310 340 Day7 7 38 66 2 158 250 280 311 341 Day 8 8 39 57 281 312 342 Day9 9 40 82 313 343 Day 10 10 41 30 6 283 314 344 Day 11 11 42 31 16 192 2 254 284315 345 Day 12 12 13 224 SS 285 316 346 Day 13 13 44 133 16 194 225 286 317347 Day 14 45 K t0 134 165 195 226 257 287 318348 Day 15 15 46 05 35 166 196 227 258 288 319 349 Day 16 10 47 15 106 136 191 197 228 259 289 320 350 17 48 76 137 160 198 D0 260 290 321 Day17 351 18 10 3 230 261 291 322 352 Day18 19 109 139 2010 262 292 323 353 Day 19 50 20 51 110 41 201 263 203 324 Day 20 11 1f1 172 202 233 19c 29325 355 Day 21 21 52 80 112 142 176 2113 234 265 295 326356 Day 22 22 53 81 113 143 174 204 235 266296327 357 Day 23 23 54 8 55 83 114 175 205236267297328358 Day 24 24 25 56 f8 115145176206237 268 298329359 Day 25 LUC 738 269209330360