Determine the maturity value of a loan

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Reference no: EM131529274

Need four parts please and one line answer no full explanation required.

a) I nedd to find the interest paid on a loan of $1,200 for three years at a simple interest rate of 5% per year.

b) Determine the maturity value of a loan of $1,750 for 28 months at 9.8% simple interest per year.

c) Determine the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interest.

d) A loan of $16,840 is borrowed at simple interest of 9% and is repaid with $4,167.90 interest. Determine the loan duration?

Reference no: EM131529274

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