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rolpace88 rolpace88
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9 years ago
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
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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#1
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9 years ago
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rolpace88 Author
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#2
9 years ago
Not sure why I found this tricky. Now that I know the answer, it's almost self-explanatory.
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#3
9 years ago
You're welcome. All I ask in return is a thumbs up!
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#4
4 years ago
thank you
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