Mathematics, 13.10.2019 21:30 jmadden513

Gibraltar construction was granted a 1-year construction loan of $650,000 to finance the construction of an apartment complex. gibraltar borrowed the money from citizens trust at an interest rate of 0.75% ordinary interest over the prime rate. what was the maturity value of the loan if the prime rate is 8.75%?

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Gibraltar construction was granted a 1-year construction loan of $650,000 to finance the constructio...