mckinneyk mckinneyk

19-01-2017
Business

Answered

Scott Peter’s bank granted him a single-payment loan of $3,250 to pay a repair bill. He agreed to repay the loan in 31 days at an exact interest rate of 11.75%. What is the maturity value of the loan?

Verified Answer :

Anonymous Anonymous

28-03-2017

after interest he will pay a total of 3631.88 back to the bank
hope this helps

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