Posted by **Anonymous** on Monday, June 17, 2013 at 8:08pm.

Using the exact interest method (365 days), find the amount of interest on the following loan

Principal

Rate (%)

Time (days)

Exact Interest

$1,700

12½ %

33

- business math -
**Ms. Sue**, Monday, June 17, 2013 at 8:12pm
I = PRT

I = 1,700 * 0.125 * 0.0904

I = 19.21

- business math -
**jd**, Saturday, September 28, 2013 at 7:55am
What is the maturity value of the following loan? Use MV = P(1 + RT) to find the maturity.

Principal

Rate (%)

Time

Maturity Value

$120,740

11¾ %

7 months

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