teresaleos teresaleos

25-05-2020
Mathematics

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$12,000 for six years at an interest rate of 1.25% what is the maturity value of the loan

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abiemily22 abiemily22

25-05-2020

Answer:

Step-by-step explanation:

1%=$120

0.25%=$30

It would go up by $150 each year and at the end of the six years there would be $13000.

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