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    Mathematics
  3. Study Set
    Contemporary Mathematics
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    Exam 10: Simple Interest and Promissory Notes
  5. Question
    What Is the Maturity Date on a Loan for $6,800
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What Is the Maturity Date on a Loan for $6,800

Question 119

Question 119

Short Answer

What is the maturity date on a loan for $6,800 at 16.2% ordinary interest, taken out on April 4? The amount of interest on the loan was $183.60.

Correct Answer:

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