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08-04-2022
Mathematics

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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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08-04-2022

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.

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