Ask Question
11 September, 11:16

Manuel Fraser's bank granted him a single-payment loan of $9,650. He agreed to repay the loan in 146 days at an ordinary interest rate of 7.75%. What is the maturity value of the loan?

+1
Answers (1)
  1. 11 September, 14:15
    0
    A=9650 (1+0.0775*146/360)

    A=9953.30
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Manuel Fraser's bank granted him a single-payment loan of $9,650. He agreed to repay the loan in 146 days at an ordinary interest rate of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers