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You borrowed $85,000 at 12% ordinary interest for 30 days, Determine the maturity value of the loan.
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1 vote
You borrowed $85,000 at 12% ordinary interest for 30 days, Determine the

maturity value of the loan.

User Jaredready
by
5.3k points

1 Answer

4 votes

Answer:

= 85000*12%*(30/360)=$850

Explanation:

User Yardboy
by
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