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    Exam 8: Compound Interest: Future Value and Present Value
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    What Is the Maturity Value of a $12,000 Loan for 18
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What Is the Maturity Value of a $12,000 Loan for 18

Question 35

Question 35

Short Answer

What is the maturity value of a $12,000 loan for 18 months at 7.2% compounded quarterly? How much interest is charged on the loan?

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Maturity Value = $13...

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