What is the maturity value

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Reference no: EM131863002

Leslie Hart borrowed $16,900 to pay for her child’s education at Riverside Community College. Leslie must repay the loan at the end of 18 months in one payment with 1 formula 12.mml interest.

a. How much interest must Leslie pay? (Do not round intermediate calculation. Round your answer to the nearest cent.) Interest $

b. What is the maturity value? (Do not round intermediate calculation. Round your answer to the nearest cent.) Maturity value

Reference no: EM131863002

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