Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dalton loaned $550,000 to doc holliday on august 2

Dalton loaned $550,000 to Doc Holliday on August 24. On February 8 of the following...

70.2K

Verified Solution

Question

Accounting

Dalton loaned $550,000 to Doc Holliday on August 24. On February 8 of the following year, Doc paid to Dalton the $65,000 interest that had accumulated on the debt up to that time. What simple rate of interest was Dalton charging on this loan?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A decrease in plasma volume will decrease plasma hydrostsatic pressure. This can be detected by the cardiovascular...

Medical Sciences
Q

Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey...

Finance
Q

The pyruvate dehydrogenase complex (PDC) catalyzes the conversion of pyruvate to acetyl-CoA, a substrate for...

Biology
Q

When do modern humans show up in Earth's timeline?0.2 million years ago20,000 years ago2 million...

Biology
Q

Question 3 Points 1 On the state level the executive branch is led by the...

Biology
Q

Question 9 Points 1 Which of the following transformation carry the given regular polygon onto...

Geometry
Q

In a class of 45 students, 26 are Democrats, 9 are business majors, and 5...

Basic Math
Q

Probability The value of n is 5 Type an integer or a decimal Do not...

Statistics
Q

c How big does the return have to be to put a domestic stock fund...

Statistics
Q

Given the following functions find f g x f x 3x 2x and g x...

Algebra
Q

Factor f x into linear factors given that R f x 2x 9x 33x 14...

Algebra
Q

Additional information: 1. Net income for 2022 was $103,300. 2. Depreciation expense was $31,800. 3....

Accounting