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3 November, 08:46

Marina Guzmon's bank granted her a single-payment loan of $3,250 to pay a repair bill. She agreed to repay the loan in 31 days at an ordinary interest rate of 11.75%. What is the maturity value of the loan?

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  1. 3 November, 10:24
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    The maturity value is 3250 and if needed the interest is 32.
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