asked 137k views
2 votes
johns bank granted her a single payment loan of 62000 for 90 days at 12% Ordinary interest what is the maturity value of the loan

asked
User Loegic
by
7.8k points

1 Answer

4 votes
It’s 3220 bacause 90 time 12.0 it’s 3220 and u subtract the opposite value
answered
User Foolish
by
8.0k points
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