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    Business Mathematics Study Set 1
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    Exam 9: Simple Interest
  5. Question
    Find the Maturity Value of the Simple Interest Note
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Find the Maturity Value of the Simple Interest Note

Question 95

Question 95

Multiple Choice

Find the maturity value of the simple interest note.
-Face Value: $4,492
Length of Loan: 113 days
Rate: 10%


A) $4,634.98
B) $4,629.84
C) $4,633.00
D) $4,632.30

Correct Answer:

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