Mathematics, 10.03.2021 14:00, kevin2618

Tim Hanes' bank granted him a single payment loan of $1,000 for 100 days at 12 percent ordinary interest. What is the maturity value of the loan? a. $1,578.01
b. $1,033.33
c. $1,120.00
d. $1,044.55

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Tim Hanes' bank granted him a single payment loan of $1,000 for 100 days at 12 percent ordinary inte...