Capitol City Bank approves a home-improvement loan application for $18,000 at an annual simple interest...
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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.)
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.)
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