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Other Fields Homework Help Business Topic started by: rolpace88 on May 19, 2015



Title: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $3429 a
Post by: rolpace88 on May 19, 2015
Find the total amount of money (maturity value) that the borrower will pay back on a loan of $3429 at 14% annual simple interest for 2.8 years.
A) $4136.46
B) $4773.17
C) $4725.16
D) $5253.23


Title: Re: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $34
Post by: Million on May 23, 2015
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Title: Re: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $3429 a
Post by: rolpace88 on May 27, 2015
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.


Title: Re: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $3429 a
Post by: Million on May 27, 2015
You're welcome. All I ask in return is a thumbs up!


Title: Re: Find the total amount of money (maturity value) that the borrower will pay back on a loan of ...
Post by: Tyler Shiltz on Mar 24, 2020
thank you