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ch4aika [34]
3 years ago
12

Joanna is considering taking out a loan. She has a few options and wants to compare them. Her first option is a single payment l

oan of $5,000 for 250 days at an interest rate of 14%. The bank will charge ordinary interest. How much interest will she owe and what is the maturity value of the loan? Show all work.
Mathematics
1 answer:
fgiga [73]3 years ago
7 0

Answer:

the value would be $1,250,000

Step-by-step explanation:

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Step-by-step explanation:

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What is the total amount that Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 perce
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Answer:

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Step-by-step explanation:

We need to find the amount Matthew's bank will receive after lending him $8,000 for four years at an interest rate of 6 percent, compounded annually.

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