Mateus123 Mateus123

23-10-2022
Mathematics

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Harold Hill borrowed $16,400 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 15 months in one payment with 3 3/4 % of interest.

A. How much interest must Harold pay? (Round answer to the nearest cent.)

B. What is the maturity value? (Round answer to the nearest cent.)

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