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Ben borrowed 25,000 to purchase a motorcycle. The loan was for two years at a annual interest rate of 4%. What’s the maturity value
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Ben borrowed 25,000 to purchase a motorcycle. The loan was for two years at a annual interest rate of 4%. What’s the maturity value

User Aphoe
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1 Answer

4 votes

Answer:

1,000 was the interest charge which leaves you with 24000 as the regular vaule

Explanation:

User Gabor Marton
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