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LUCKY_DIMON [66]
2 years ago
10

Find the maturity value of a loan of ​$800 after three years. The loan carries a simple interest rate of 9 1/4​% per year.

Mathematics
1 answer:
Artyom0805 [142]2 years ago
6 0

Answer: $9

Step-by-step explanation: The maturity value of a loan is the total amount you must repay, including the principal and any interest you incur. The term of the loan is the time for which it has been granted.

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