Problema Solution
What is the maturity date of a loan taken out on August 9, for 101 days?
Answer provided by our tutors
31 - 9 = 22 days left in August
30 days in Sept.
31 days in Oct.
30 days in Nov.
101 - 22 - 30 - 31 - 30 = -12
30 - 12 = 18
the maturity date is Nov. 18