Find the maturity value of a loan of $800 after three years. The loan carries a simple interest rate of 9 1/4% per year. 1.) The maturity of the loan is $___

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asked Jan 6, 2023 172k views

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Cygery · Answer 1 · 2023-01-10T16:55:26+0000

Answer: $9

Step-by-step explanation: The maturity value of a loan is the total amount you must repay, including the principal and any interest you incur. The term of the loan is the time for which it has been granted.

Find the maturity value of a loan of $800 after three years. The loan carries a simple interest rate of 9 1/4% per year. 1.) The maturity of the loan is $___

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Find the maturity value of a loan of ​$800 after three years. The loan carries a simple interest rate of 9 1/4​% per year. 1.) The maturity of the loan is $___

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Find the maturity value of a loan of $800 after three years. The loan carries a simple interest rate of 9 1/4% per year. 1.) The maturity of the loan is $___