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Joyce Stein borrowed 8,460 from Merchants Trust to pay for some merchandise for her dress shopThe loan is for 45 days at 8.75 percent exact interestWhat is the maturity value of…

Joyce Stein borrowed 8,460 from Merchants Trust to pay for some merchandise for her dress shopThe loan is for 45 days at 8.75 percent exact interestWhat is the maturity value of…
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Joyce Stein borrowed 8,460 from Merchants Trust to pay for some merchandise for her dress shopThe loan is for 45 days at 8.75 percent exact interestWhat is the maturity value of the loan

asked
User Pavlo Neiman
by
7.9k points

1 Answer

8 votes

Answer:

9.75

Explanation:

Calculate the maturity value of a simple interest 8 month loan of Php8000 if the interest rate is 9.75.

answered
User Alpa
by
8.4k points
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