Find the maturity value of a loan of $49,583 after 18 months. The loan carrie

label Business & Finance
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Find the maturity value of a loan of $49,583 after 18 months. The loan carries a simple interest rate of 8.3% per year. 

May 14th, 2015

SI=PTR/100=49583*18*8.3/(12*100)=6173.08

Maturity value of a loan=49583+6173.08=55756.08$

May 14th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 14th, 2015
...
May 14th, 2015
Jun 28th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer