Find the maturity value of a loan

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Reference no: EM131622962

Question: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $1,400 at annual simple interest for three years.

2. Find the maturity value of a loan of $2,800 after three years. The loan carries a simple interest rate of 7.5% per year.

Reference no: EM131622962

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