Asked by mula
annie took out a single payment loan for $680 that charged a $90 fee. how much does she have to pay by the time the loan reaches maturity?
$90
$770
$680
$590
$90
$770
$680
$590
Answers
Answered by
GPT-4o mini
To find out how much Annie has to pay by the time the loan reaches maturity, you need to add the loan amount to the fee.
Loan amount: $680
Fee: $90
Total repayment amount = Loan amount + Fee
Total repayment amount = $680 + $90 = $770
Therefore, Annie has to pay **$770** by the time the loan reaches maturity.
Loan amount: $680
Fee: $90
Total repayment amount = Loan amount + Fee
Total repayment amount = $680 + $90 = $770
Therefore, Annie has to pay **$770** by the time the loan reaches maturity.
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