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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.
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Jun 26, 2024
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You take out a 40-day single-payment loan for $390 with an interest rate of 18%. Find the amount of the
maturity value.
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Answer:
390 +(1×18/100)=460.2$
460.2-390= 70.2$ !!
Marsl
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Jul 2, 2024
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