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25 September, 05:30

The North Company negotiated a $35 million loan to remodel a mall. The company borrowed the money at 0.8% ordinary interest over prime for five years. If the prime rate was 4.3%, what is the maturity value of the loan to the nearest cent?

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  1. 25 September, 08:13
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    35*0.8=28 so then you can multiply 28*5 and get 140 so you answer is 140?!
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