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

Business & Finance
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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

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