TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of 31 28 31 30 31 30 31 31 30 31 30 31 month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 32 60 91 121 152 182 213 244 274 305 335 2. 2. 33 61 92 122 153 183 214 245 275 306 336 34 62 93 123 154 184 215 246 276 307 337 35 63 94 124 155 185 216 247 277 308 338 36 64 95 125 16 186 217 248 278 309 339 37 65 96 126 157 187 218 249 279 310 340 38 66 97 127 158 188 219 250 280 311 341 8. 39 67 98 128 19 189 220 251 281 312 342 9. 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 42 70 101 131 162 192 223 254 284 315 345 12 12 43 71 102 132 163 193 224 255 285 316 346 13 13 44 72 103 133 164 194 225 256 286 317 347 14 14 45 73 104 134 165 195 226 257 287 318 348 15 15 46 74 105 135 166 196 227 258 288 319 349 16 16 47 75 106 136 167 197 228 259 289 320 350 17 17 48 76 107 137 168 198 229 260 290 321 351 18 18 49 77 108 138 169 199 230 261 291 322 352 19 19 50 78 109 139 170 200 231 262 292 323 353 20 20 51 79 T 10 140 171 201 232 263 293 324 354 21 21 52 80 141 172 202 233 264 294 325 355 22 22 53 81 112 142 173 203 234 265 295 326 356 23 23 54 82 13 143 174 204 235 266 296 327 357 24 24 55 83 114 144 175 205 236 267 297 328 358 25 25 56 84 115 145 176 206 237 268 298 329 359 26 26 57 85 16 146 177 207 238 269 299 330 360 27 27 58 86 117 147 178 208 239 270 300 331 361 28 28 59 87 18 148 179 209 240 271 301 332 362 29 29 88 119 149 180 210 241 272 302 333 363 30 30 89 120 150 181 211 242 273 303 334 364 31 31 90 151 212 243 304 365 *Often referred to as a Jullan calendar.
TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of 31 28 31 30 31 30 31 31 30 31 30 31 month Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 32 60 91 121 152 182 213 244 274 305 335 2. 2. 33 61 92 122 153 183 214 245 275 306 336 34 62 93 123 154 184 215 246 276 307 337 35 63 94 124 155 185 216 247 277 308 338 36 64 95 125 16 186 217 248 278 309 339 37 65 96 126 157 187 218 249 279 310 340 38 66 97 127 158 188 219 250 280 311 341 8. 39 67 98 128 19 189 220 251 281 312 342 9. 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 42 70 101 131 162 192 223 254 284 315 345 12 12 43 71 102 132 163 193 224 255 285 316 346 13 13 44 72 103 133 164 194 225 256 286 317 347 14 14 45 73 104 134 165 195 226 257 287 318 348 15 15 46 74 105 135 166 196 227 258 288 319 349 16 16 47 75 106 136 167 197 228 259 289 320 350 17 17 48 76 107 137 168 198 229 260 290 321 351 18 18 49 77 108 138 169 199 230 261 291 322 352 19 19 50 78 109 139 170 200 231 262 292 323 353 20 20 51 79 T 10 140 171 201 232 263 293 324 354 21 21 52 80 141 172 202 233 264 294 325 355 22 22 53 81 112 142 173 203 234 265 295 326 356 23 23 54 82 13 143 174 204 235 266 296 327 357 24 24 55 83 114 144 175 205 236 267 297 328 358 25 25 56 84 115 145 176 206 237 268 298 329 359 26 26 57 85 16 146 177 207 238 269 299 330 360 27 27 58 86 117 147 178 208 239 270 300 331 361 28 28 59 87 18 148 179 209 240 271 301 332 362 29 29 88 119 149 180 210 241 272 302 333 363 30 30 89 120 150 181 211 242 273 303 334 364 31 31 90 151 212 243 304 365 *Often referred to as a Jullan calendar.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 1/2% interest. Jim plans to repay the loan on March 11. Assume the loan is on ordinary interest. How much will Jim repay on March 11? (Use Days in a year table.) (Round your answer to the nearest cent.)
| Jim repay |
Transcribed Image Text:TABLE
7.1
Exact days-in-a-year calendar (excluding leap year)*
Day of
31
28
31
30
31
30
31
31
30
31
30
31
month
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
32
60
91
121
152
182
213
244
274
305
335
2.
2.
33
61
92
122
153
183
214
245
275
306
336
34
62
93
123
154
184
215
246
276
307
337
35
63
94
124
155
185
216
247
277
308
338
36
64
95
125
16
186
217
248
278
309
339
37
65
96
126
157
187
218
249
279
310
340
38
66
97
127
158
188
219
250
280
311
341
8.
39
67
98
128
19
189
220
251
281
312
342
9.
40
68
99
129
160
190
221
252
282
313
343
10
10
41
69
100
130
161
191
222
253
283
314
344
42
70
101
131
162
192
223
254
284
315
345
12
12
43
71
102
132
163
193
224
255
285
316
346
13
13
44
72
103
133
164
194
225
256
286
317
347
14
14
45
73
104
134
165
195
226
257
287
318
348
15
15
46
74
105
135
166
196
227
258
288
319
349
16
16
47
75
106
136
167
197
228
259
289
320
350
17
17
48
76
107
137
168
198
229
260
290
321
351
18
18
49
77
108
138
169
199
230
261
291
322
352
19
19
50
78
109
139
170
200
231
262
292
323
353
20
20
51
79
T 10
140
171
201
232
263
293
324
354
21
21
52
80
141
172
202
233
264
294
325
355
22
22
53
81
112
142
173
203
234
265
295
326
356
23
23
54
82
13
143
174
204
235
266
296
327
357
24
24
55
83
114
144
175
205
236
267
297
328
358
25
25
56
84
115
145
176
206
237
268
298
329
359
26
26
57
85
16
146
177
207
238
269
299
330
360
27
27
58
86
117
147
178
208
239
270
300
331
361
28
28
59
87
18
148
179
209
240
271
301
332
362
29
29
88
119
149
180
210
241
272
302
333
363
30
30
89
120
150
181
211
242
273
303
334
364
31
31
90
151
212
243
304
365
*Often referred to as a Jullan calendar.
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