Vince L.

asked • 02/12/14

LH borrowed $16,900 to pay for education at College. L must repay at the end of 18 months in one payment with 2 ½% interest.


a.
How much interest must Leslie pay? (Do not round intermediate calculation. Round your answer to the nearest cent.)

Interest $

b.
What is the maturity value? (Do not round intermediate calculation. Round your answer to the nearest cent.)

Maturity value $

3 Answers By Expert Tutors

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Steve S. answered • 02/13/14

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Tutoring in Precalculus, Trig, and Differential Calculus

James G. answered • 02/12/14

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Computer and Math Professional, Teacher, and Tutor

Vince L.

Unfortunately this was all that was provided to me and I have seem to have hit a wall.  Thanks Jim, I will do some more digging to see if I'm missing a piece of info.   
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02/12/14

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