Math A Exam

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    • #6963
      Lindsay Andreasen
      Participant

      Hi. On question #10 of Math A exam my answer was $184.72.
      9.5% of 50,000 is $4750 / 360 days = 13.19 daily interest amount with 14 remaining days in the 30 day month of June including the closing date of June 17th = $184.72. I am lost to how the answer is $211.11.

      Please advise. Thank you!

    • #6964
      Brian Swan
      Keymaster

      The question is asking what the seller has to pay, not the buyer.

    • #6965
      Lindsay Andreasen
      Participant

      🙂 Lesson learned

      Thank you

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