n March 1, the Zwick Baloon Company signed a S000 note with simple interest of 11 for 260 days. The company made payments of $1750 on May 1 and $23s0 on July 1. How much will the company owe on the date of maturity Assume 360 days in a year Cick he kon to view a table of the number of the day of the year for each date. he company will oweson the date of maturity Round to the nearest cent as needed)

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10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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On March 1, the Zwick Balloon Company signed a $8000 note with simple interest of 11-% for 260 days. The company made payments of $1750 on May 1 and $2350 on July 1. How much will the company owe on the date of maturity? Assume 360 days in a year.
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.)
Transcribed Image Text:On March 1, the Zwick Balloon Company signed a $8000 note with simple interest of 11-% for 260 days. The company made payments of $1750 on May 1 and $2350 on July 1. How much will the company owe on the date of maturity? Assume 360 days in a year. 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.)
Days in Each Month
31
28
31
30
31
30
31
31
30
31
30
31
Day of
Month
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Day 1
1
32
60
91
121 152 182 213 244 274 305 335
Day 2
2
33
61
92
122
153
183
214 245
275
306 336
Day 3
Day 4
3
34
62
93
123
154
184 215 246 276
307 337
4
35
63
94
124
155 185 216 247 277
308 338
Day 5
5
36
64
95
125
156 186 217 248 278
309 339
Day 6
6.
37
65
96
126
157
187 218 249
279
310 340
Day 7
7
38
66
97
127 158 188 219 250 280
311
341
Day 8
8
39
67
98
128
159 189
220 251 281
312 342
Day 9
9.
40
68
99
129
160
190 221
252 282 313
343
Day 10
10
41
69
100
130 161 191 222 253 283 314 344
Day 11
11
42
70
101
131
162 192
223 254
284 315 345
Day 12
12
43
71
102
132
163
193 224 255
285
316 346
Day 13
13
44
72
103
133
164
194 225 256 286
317 347
Day 14
14
45
73
104
134
165 195 226 257
287
318 348
Day 15
15
46
74
105
135
166 196 227 258
288 319
349
Day 16
16
47
75
106
136
167 197
228
259 289 320 350
Day 17
17
48
76
107
137 168 198 229 260 290
321
351
Day 18
18
49
77
108
138
169
199
230 261
291
322 352
Day 19
19
50
78
109
139
170 200 231 262 292
323 353
Day 20
20
51
79
110
140
171
201 232 263 293 324 354
Day 21
Day 22
21
52
80
111
141
172 202
233
264 294 325 355
22
53
81
112
142
173
203 234 265 295 326 356
Day 23
23
54
82
113
143
174 204 235 266 296 327 357
Day 24
24
55
83
114
144
175
205 236 267 297 328 358
Day 25
Day 26
Day 27
25
56
84
115
145
176 206 237 268 298 329 359
26
57
85
116
146
177 207 238 269 299 330 360
27
58
86
117
147
178 208
239 270 300 331
361
Day 28
Day 29
28
59
87
118
148
179 209 240 271
301 332 362
29
88
119
149
180 210 241 272 302
333 363
Day 30
30
89
120
150 181 211
242 273 303
334 364
Day 31
31
90
151
212 243
304
365
Month
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Transcribed Image Text:Days in Each Month 31 28 31 30 31 30 31 31 30 31 30 31 Day of Month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Day 1 1 32 60 91 121 152 182 213 244 274 305 335 Day 2 2 33 61 92 122 153 183 214 245 275 306 336 Day 3 Day 4 3 34 62 93 123 154 184 215 246 276 307 337 4 35 63 94 124 155 185 216 247 277 308 338 Day 5 5 36 64 95 125 156 186 217 248 278 309 339 Day 6 6. 37 65 96 126 157 187 218 249 279 310 340 Day 7 7 38 66 97 127 158 188 219 250 280 311 341 Day 8 8 39 67 98 128 159 189 220 251 281 312 342 Day 9 9. 40 68 99 129 160 190 221 252 282 313 343 Day 10 10 41 69 100 130 161 191 222 253 283 314 344 Day 11 11 42 70 101 131 162 192 223 254 284 315 345 Day 12 12 43 71 102 132 163 193 224 255 285 316 346 Day 13 13 44 72 103 133 164 194 225 256 286 317 347 Day 14 14 45 73 104 134 165 195 226 257 287 318 348 Day 15 15 46 74 105 135 166 196 227 258 288 319 349 Day 16 16 47 75 106 136 167 197 228 259 289 320 350 Day 17 17 48 76 107 137 168 198 229 260 290 321 351 Day 18 18 49 77 108 138 169 199 230 261 291 322 352 Day 19 19 50 78 109 139 170 200 231 262 292 323 353 Day 20 20 51 79 110 140 171 201 232 263 293 324 354 Day 21 Day 22 21 52 80 111 141 172 202 233 264 294 325 355 22 53 81 112 142 173 203 234 265 295 326 356 Day 23 23 54 82 113 143 174 204 235 266 296 327 357 Day 24 24 55 83 114 144 175 205 236 267 297 328 358 Day 25 Day 26 Day 27 25 56 84 115 145 176 206 237 268 298 329 359 26 57 85 116 146 177 207 238 269 299 330 360 27 58 86 117 147 178 208 239 270 300 331 361 Day 28 Day 29 28 59 87 118 148 179 209 240 271 301 332 362 29 88 119 149 180 210 241 272 302 333 363 Day 30 30 89 120 150 181 211 242 273 303 334 364 Day 31 31 90 151 212 243 304 365 Month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
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