Capitol City Bank approves a home-improvement loan application for $18,000 at an annual simple interest rate of 8.25% for 150

Question

Capitol City Bank approves a home-improvement loan application for $18,000 at an annual simple interest rate of 8.25% for 150 days. What is the maturity value of the loan? (Round your answer to the nearest cent.)

Kunduz · Accepted Answer

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