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What is the maturity value of the following loan? Use MV = P(1 + RT) to find the maturity.

Principal

Rate (%)

Time

Maturity Value

$120,740

11¾ %

7 months

(Points : 3)

1 answer

so, what's the trouble? Just plug in the numbers.

MV = 120740(1+.1175/12 * 7)

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