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Find the Interest and Maturity Value for the Loan

Question 62

Multiple Choice

Find the interest and maturity value for the loan. Round to the nearest cent.
-$10,593 at 6.9% for 9 months


A) $552.79; $11,145.79
B) $548.19; $11,141.19
C) $609.10; $11,202.10
D) $487.28; $11,080.28

Correct Answer:

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