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Find the Amount of Interest and the Maturity Value of the Loan

Question 132

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Find the amount of interest and the maturity value of the loan:  Principal  Rate  Time  Interest  Maturity Value $118,00012%134years\begin{array} { l l l l l } \text { Principal } & \text { Rate } & \text { Time } & \text { Interest } & \text { Maturity Value } \\\$ 118,000 & 12 \% &1 \frac{3}{4} \mathrm{years} & &\end{array}

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$24,780.00...

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