Business, 13.01.2021 20:40 sandygarcia65
Lucia Alunnio’s bank granted her a single-payment loan of $5,000 for 100 days at 6.5 percent exact interest. What is the
maturity value of the loan?
a) Find the exact interest.
Principal x rate x time/365
b) Find the maturity value.
Principal + Interest owed
Answers: 1
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Lucia Alunnio’s bank granted her a single-payment loan of $5,000 for 100 days at 6.5 percent exact i...
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