How much will owe at maturity of the ninety-day loan


David plans to sell the current home and use proceeds to cover cost of the new home. He makes decision to take out the short-term loan to help with expenses until current house sells. If bank charges 9% simple annual interest, how much will David owe at maturity of the 90-day loan of $100,000?

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Chemistry: How much will owe at maturity of the ninety-day loan
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