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You take out a 40-day single-payment loan for $390 with an interest rate of 18%. Find the amount of the maturity value.
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You take out a 40-day single-payment loan for $390 with an interest rate of 18%. Find the amount of the

maturity value.

User Louoso
by
9.1k points

1 Answer

6 votes

Answer:

390 +(1×18/100)=460.2$

460.2-390= 70.2$ !!

User Marsl
by
8.9k points
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