44, Hector Sanchez borrowed money at 14% interest for 60 days. His interest for the foan amounted to $39.20, based on a 360-day year, How much did he borrow? Hen Chu borrowed $2,000 for 60 days (based on a 360-day year). Her interest amounted to $43.33. What was the interest rate> Chapter 9 46. Lydia's loan date is March 20, and her loan is due in 120 days, What is the due date? Chihuho Enami obtained a loan on September 5, and it is due December 20. How many days are between the dates? 48. John Raymond's loan is $1,490 at a 14% interest rate, The interest . amount is $69.53, What is the amount of time for this loan? 49. a. Anote has been signed for $3,800, the interest rate is 14%, and the time is 120 days (360-day year). How much is the interest? b. How much is the maturity value? G_ The note was discounted at a rate of 18.5% two months before its maturity. How much is the discount? How much are the proceeds? + Spe face value of a note is $7,500, the interest rate is 1296, and the time is based on 90 days (360-day year). The note has been discounted at 159% two month before the maturity of the note. How much were the discount and the proceeds? Discount Proceeds Compute the interest, compounded annually without using the compound interest table, Time Compound Principal Rate (years) Interest 51. $8,100 8% 2 $590 $2,900 432 BUSINESS MATH USING EXCEL