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Raffaello Sanzio’s bank granted him a single-payment loan of $9,650. He agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%. What is the maturity value of the loan?
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Raffaello Sanzio’s bank granted him a single-payment loan of $9,650. He agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%. What is the maturity value of the loan?

User Nathan Kitchen
by
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1 Answer

4 votes

Answer:c

Explanation:

$9953.30

User Bubakazouba
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6.1k points
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