International Financial Management (mindtap Course List)
International Financial Management (mindtap Course List)
14th Edition
ISBN: 9780357130544
Author: Jeff Madura
Publisher: Cengage Learning
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On May 3, 2020, Leven Corporation negotiated a short-term loan of $840,000. The loan is due October 1, 2020, and carries a 6.60% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Use Days in a year table.)
Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,300 at 3.75% on December 26, 2021, and paid it off February 21, 2023. How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.)
Answer finance problem with correct given values do not assume any values. and no chatgpt
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