Mathematics, 02.03.2021 19:40 silviamgarcia

1. Charles Rankin takes out a single-payment loan of $6,425 with an ordinary interest rate of 7 percent. He will pay off his loan in 180 days.
a. What is the interest owed?
b. What is the Maturity Value of the Loan?

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1. Charles Rankin takes out a single-payment loan of $6,425 with an ordinary interest rate of 7 perc...