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Find the Maturity Value on a Loan of $2,500 at 10.5

Question 95

Multiple Choice

Find the maturity value on a loan of $2,500 at 10.5% interest, for 60 months. Use the formula MV = P + I.

A) $1,312.50
B) $3,812.50
C) $4,375.00
D) $1,875.00

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